And unlike tax-cut triggers, sequesters can work. During Reagan's second term, a modest sequester required by the Gramm-Rudman Deficit Reduction Act significantly slowed the growth rate of federal spending. Delaying tax cuts is a bad idea. Making tax cuts conditional on other events is even worse. And imposing an automatic tax increase is the worst idea of all.
Triggers are a way of dampening the economic benefit of tax cuts.
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