Tax & Prosperity - The Laffer Curve

About: the laffer curve: past, present, and future

All you wanted to know about the effect of lowering taxes is summarized here. Lowering taxes is working !

Tags

  1. taxes
  2. bookmarks

Comments


Seth says
Depends on where you get your facts ...
source: A SMOKING GUN: PRESIDENT

Mark de LA says
M 2006-07-12 11:30:00 3915
Yep, I never met a politician who didn't want to spend! Still, Reagan proved it, Bush proved it & even JFK proved it - so go figure! The Dems just can't give Bush a break!
Too bad he's not on any of the ballots in the next election!

Mark de LA says
seth 2006-07-12 11:35:08 3915
This is one of those cases like global warming where sorting out what is true from what is fluff is obscured by leftrightism.  Btw reference [2] in the article i quoted above was misformed .. it should be CLAIM THAT TAX CUTS PAY FOR THEMSELVES IS TOO GOOD TO BE TRUE.  Sorry i don't have the time or inclination to figure out who is telling the truth and who is distorting the facts.  So i'm not going to form an opinion either way.
Rather than left-rightism this is more a case of my statistics against your statistics. The is in the details & how you define your terms & pools & samples. The statistical shell-game is alive & well even with good news.

Mark de LA says
From Pete Dupont in WSJ Opinion Journal comes this quote today:
source: ... Mr. Bush signed the most recent tax cuts into law in the spring of 2003. In the past 33 months the size of America's entire economy has increased by 20%--or, as National Review Online's Larry Kudlow put it, "In less than three years, the U.S. economic pie has expanded by $2.2 trillion, an output add-on that is roughly the same size as the total Chinese economy."
... &
source: ... All this has been good news for the government. Federal tax receipts increased by 15%-- $274 billion--last year and 13%-- $206 billion--in the first nine months of this fiscal year, which, as the Journal points out, means the nine-month increases for the past two years represent the highest growth rates in 25 years. Looking ahead to the end of this fiscal year, total inflation-adjusted government receipts will likely be 23% above 2003 when the Bush tax cuts were signed into law.
... It looks like they DO pay for themselves. Now, , if we could get Congress to quit spending it all & get more vetoes from Bush on spending we would have a New Golden Age!




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