by Dan Mitchell | Jan 23, 2024 | Big Government, Blogs, Economics, Government Spending, Taxation
The Laffer Curve is the common-sense notion that there is not a simplistic mechanical relationship between tax rates and tax revenue. You also have to consider potential changes to what’s being taxed. I’ve cited interesting case studies...
by Dan Mitchell | Jan 9, 2024 | Blogs, Taxation
The Laffer Curve is the common-sense notion that changes in tax rates lead to changes in taxable income. But, as I explain in this clip from a TV program in Hawaii, that doesn’t mean tax cuts “pay for themselves.” Before any readers accuse me of being an...
by Dan Mitchell | Dec 9, 2023 | Blogs, Economics, Laffer Curve, Taxation
Two months ago, I wrote about a remarkable example of the Laffer Curve, involving Ireland’s low 12.5 percent corporate tax rate. According to the New York Times, Ireland was collecting so much corporate tax revenue that the government was having a...
by Dan Mitchell | Nov 14, 2023 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
In Part I of this series, I looked at Ronald Reagan’s reasonably successful track record on government spending (which could be characterized as fantastically successful when compared to other Republican presidents) and explained why we need...
by Dan Mitchell | Nov 3, 2023 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
Yesterday’s column reviewed a new academic study which found that Trump’s corporate tax reforms had a very positive impact on investment, which means more growth and higher wages for the American economy. The study, which was written by Gabriel Chodorow-Reich...
