A conundrum for the left: the best way of maximizing revenue is to minimize the economic damage of the tax system.
read more...The real lessons are about political greed and how to control it.
read more...A scorer admits the ideological, rather than scientific, reasoning used by CBO and JCT.
read more...Soak the rich? They’re already drenched.
read more...Matthew Yglesias mostly attacks strawmen in his attempting debunking of dynamic scoring.
read more...CBO and JCT wield tremendous power. They are also dependable allies of the left.
read more...New evidence confirms what we already knew: that Laffer Curve effects reduce expected revenue gains from higher taxes.
read more...What’s the relationship between the Rahn Curve and the Laffer Curve? For the uninitiated, the Rahn Curve is the common-sense notion that some government is helpful for prosperous markets but too much government is harmful to economic performance. Even libertarians, for instance, will acknowledge that spending on core “public goods” such as police protection and courts (assuming, of […]
read more...I’m a big advocate of the Laffer Curve. Simply stated, it’s absurdly inaccurate to think that taxpayers and the economy are insensitive to changes in tax policy. Yet bureaucracies such as the Joint Committee on Taxation basically assume that the economy will be unaffected and that tax revenues will jump dramatically if tax rates are boosted by, say, […]
read more...I’ve already shared a bunch of data and evidence on the importance of low tax rates. A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth. An economist from Cornell found lower tax rates boost GDP. Other economists found lower tax rates boost job creation, savings, […]
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