Topic: Laffer Curve

Tax policy won't fix the economy on its own

Many tax policy experts spin a simple fairy tale when they talk about how to reform the tax system. They say that we just need to cut tax rates, which will expand the economy, which in turn will reduce the deficit. But unfortunately, in the real world, we face real budget constraints and a real scarcity of resources.

Even Paul Ryan wants to broaden the tax base

Ryan has a two-pronged proposal for tax reform. The first part would reduce the deficit, but the second part isn't so helpful.

A bipartisan and reality-based way to cut tax rates AND reduce the deficit. Really.

The secret to cutting rates and increasing revenues? President Reagan knew it, as do President Obama's fiscal commission co-chairs, Democrat Erskine Bowles and Republican Alan Simpson.

To avoid the double-dip, (1) lower taxes, (2) raise taxes. Huh?

Some economists propose lowering payroll taxes and then raising marginal rate taxes. Here's another perspective.

Britain's capital gains tax: Would rate hike lead to less revenue?

A previous rate hike in the capital gains tax led to a decline in revenue collected.

When taxes rise next year, will the rich avoid them?

Extreme tax avoidance could frustrate Obama's plans to trim the deficit.

Starve the beast? It's a poor way to cut the deficit.

The 'starve the beast' strategy – raising spending but not taxes – hasn't cut the deficit.

Why we should want Obama to break his promise on taxes

All Americans should encourage President Obama to break his campaign promise to extend the Bush tax cuts.

If Wyoming taxes green energy, green energy can go elsewhere