Eisenhower’s Tax Policies Invested in the Future, Not the Few

His Administration's Push For High Taxes and High Public Investment Helped Build the Mid-Century Middle Class

“It’s a tax bill for the middle class. It’s a tax bill for jobs. It’s going to bring a lot of companies in. It’s a tax bill for business, which is going to create the jobs,” President Donald Trump told business leaders earlier this fall as the Republican Congress pushed through sweeping tax legislation.

None of that’s true, but it does beg the question: What would a tax policy need to look like to accomplish all this? Going back to an earlier Republican administration provides a striking example.

During the …