Topic: Laffer Curve
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.
Ryan has a two-pronged proposal for tax reform. The first part would reduce the deficit, but the second part isn't so helpful.
05/31/2011 11:02 am
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.
11/11/2010 11:05 am
Some economists propose lowering payroll taxes and then raising marginal rate taxes. Here's another perspective.
10/15/2010 01:05 pm
A previous rate hike in the capital gains tax led to a decline in revenue collected.
06/20/2010 12:55 pm
Extreme tax avoidance could frustrate Obama's plans to trim the deficit.
06/10/2010 07:32 pm
The 'starve the beast' strategy – raising spending but not taxes – hasn't cut the deficit.
05/10/2010 12:15 am
All Americans should encourage President Obama to break his campaign promise to extend the Bush tax cuts.
04/12/2010 03:15 pm
02/22/2010 02:59 pm