Arthur Laffer News
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If I were to learn on Dec. 31 that my taxes are going up next year, I would do ... absolutely nothing.
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Harvard Business Review --
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A slim majority of Californians did something strange on Election Day. They voted to make themselves worse off while boosting the economies of Texas, Arizona, Nevada and other states.
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The scarlet letter these days is still an A, but it isn’t A for adultery. It is A for austerity.
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Thirty-six years after an academic economist named Arthur Laffer drew a curved line on a cocktail napkin, the debate over supply-side tax cuts paying for themselves is still going strong.
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Arthur Laffer and Stephen Moore published an op-ed article in the Wall Street Journal last week touting their latest edition of "Rich States, Poor States," the report they produce annually for the American Legislative Exchange Council.
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Republican presidential candidate Herman Cain’s 9-9-9 tax plan stems from basic economic principles and didn’t need a professor to develop it, said the suburban Cleveland investment adviser who did.
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Herman Cain says his tax-reform plan is “simple” and “transparent.” Then why do so many of his fans not seem to grasp its basic features? Those fans were out in force in response to my Bloomberg View column on the plan, berating me both in comments and emails. Leaving aside the personal attacks, a few questions emerged that deserve responses.
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Anyone listening to politicians, policy makers and economists talk about the U.S. economy could be forgiven for thinking “uncertainty” is the problem hobbling our nation.
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Governors seeking to expand their economies by eliminating income taxes find little support for the idea in the record of U.S. states that lack such a levy.
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