More evidence that higher tax rates don’t always lead to more revenue.
Daily Analysis
Two Big Fiscal Lessons from Colorado’s Pot Legalization
The real lessons are about political greed and how to control it.
The Left’s Position on the Laffer Curve and Dynamic Scoring: Being Exactly Wrong Is Better than Being Inexactly Right
A scorer admits the ideological, rather than scientific, reasoning used by CBO and JCT.
What’s a “Fair Share” for Upper-Income Taxpayers?
Soak the rich? They’re already drenched.
Proper Staffing and Reform of JCT and CBO Is an IQ Test for the Republican Party
CBO and JCT wield tremendous power. They are also dependable allies of the left.
The Rahn Curve and the Laffer Curve
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,…
The Laffer Curve and Limits to Class Warfare Tax Policy
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…
The Punitive Economic Cost of Class-Warfare Taxation
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…
A Lower Corporate Rate Is a Practical And Good Response to Inversions
It boggles the mind to think that the United States now has the highest corporate tax rate in the industrialized world. But it’s even more amazing that America arguably has the most punitive corporate tax rate in the entire world. Here’s some of what I wrote on the…
More Evidence for the Laffer Curve and Lower Corporate Tax Rates
When the new Tory-led government came to power in the United Kingdom, I was rather unimpressed. David Cameron positioned himself as a British version of George W. Bush, full of “compassionate conservative” ideas to expand the burden of government. But even worse than…