A conundrum for the left: the best way of maximizing revenue is to minimize the economic damage of the tax system.

The President’s desired taxes on capital will hit more than just the rich, and might even lose revenue.

Soak the rich? They’re already drenched.

Is reform more likely now that Republicans have the Senate?

New evidence confirms what we already knew: that Laffer Curve effects reduce expected revenue gains from higher taxes.

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, […]