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Keyword: laffer

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  • Art Laffer: Trump Should Win Easily

    07/23/2016 11:48:27 AM PDT · by Jim 0216 · 54 replies
    weeklystandard.com ^ | JUL 19, 2016 | FRED BARNES
    Art Laffer is a famous economist, one of the brains behind President Ronald Reagan's supply-side tax cuts in 1981. But he was also a political adviser to Reagan and other presidential candidates. Based on history rather than polls or demographics, he insists Donald Trump will win the presidential race—and win easily. History is an argument not often heard in presidential elections except in one case: the likelihood that after one party holds the White House for eight years, that party probably won't win four more years. The one exception in the past half-century was the election of George H.W. Bush...
  • Laffer Curve Needs Change in Terminology From Government Speak to Individual Rights and Freedom

    07/23/2016 1:01:38 PM PDT · by Jim 0216 · 8 replies
    Love to see everyone enjoying the afterglow of this amazing GOP Convention. Haven’t felt like this politically since 1980. I think morning is once again coming to America. Art Laffer, economist, has analyzed Trumps chances and it brought up some thoughts I have on the Laffer Curve. I love the curve but I hate the terminology... Laffer and Reagan brought us an unprecedented and historic 25 years of growth and prosperity until the Left finally shut it down. Tax cuts are a must, but we need to flip the reasoning - we need to change the terminology and the paradigm...
  • Art Laffer: Trump Should Win Easily

    07/23/2016 7:19:44 AM PDT · by Amntn · 43 replies
    The Weekly Standard ^ | 7/19/16 | Art Laffer
    Art Laffer is a famous economist, one of the brains behind President Ronald Reagan's supply-side tax cuts in 1981. But he was also a political adviser to Reagan and other presidential candidates. Based on history rather than polls or demographics, he insists Donald Trump will win the presidential race—and win easily. History is an argument not often heard in presidential elections except in one case: the likelihood that after one party holds the White House for eight years, that party probably won't win four more years. The one exception in the past half-century was the election of George H.W. Bush...
  • Trump Turns To Reagan-Era Economic Advisers To Bring American Economy Back To Life

    05/26/2016 2:31:06 PM PDT · by InvisibleChurch · 82 replies
    D c whispers ^ | 5-26-16
    For those who remember the record-breaking era of economic prosperity that was the Reagan years, you will be happy to learn that the Team Trump is at this very moment receiving advice from some of the most influential economic policy advisers who helped shape that Reagan-era success. Names like Laffer, Moore, and Kudlow were once synonymous with an America that saw itself push back from the deep doldrums of the Carter economic morass, and Team Trump, with the encouragement of Trump campaign supervisor Paul Manafort, is now working to bring a version of that 1980’s success to 2017 and beyond....
  • Ted Cruz tax plan better than Reagan's: Art Laffer (video)

    04/16/2016 11:56:43 PM PDT · by JediJones · 30 replies
    CNBC ^ | 4/15/2016 | CNBC
    Arthur Laffer of Laffer Associates reacts to presidential candidate Ted Cruz's tax plan, in which Cruz proposes individuals above certain income threshold pay a 10 percent flat tax, and a 16 percent flat tax on companies. http://video.cnbc.com/gallery/?video=3000509983
  • Art Laffer: The Rand Paul And Ted Cruz Flat Tax Plans Are Best Tax Proposals

    11/23/2015 6:49:54 AM PST · by SeekAndFind · 10 replies
    IBD ^ | 11/23/2015 | Arthur Laffer and Stephen Moore
    As we've cheerfully noted on these pages, the good news on the presidential campaign trail is that almost all Republicans are now for serious pro-growth tax reform and simplification. Every candidate wants lower rates (some a one-rate flat tax), fewer loopholes and carve-outs, and a reduced role for an abusive IRS. What a contrast with Bernie Sanders, who declared at last week's Democratic debate that he could live with a 90% tax rate on the rich. Why not take it all, Bernie? All the GOP tax plans look good to us — though some are admittedly better than others. The...
  • Trump to meet with Art Laffer and Steve Forbes to hammer out tax plan (video)

    08/13/2015 11:41:01 AM PDT · by RoosterRedux · 88 replies
    Youtube ^ | Neal Cavuto
    This was Neal Cavuto last night.
  • Arthur Laffer: How Tax And Tariff Hikes Crushed 1930s America

    07/20/2015 4:46:29 AM PDT · by SeekAndFind · 31 replies
    IBD ^ | 07/20/2015 | Arthur Laffer
    'Government is not the solution to our problem; government is the problem," may well be President Reagan's most oft-repeated quote. And the reason it's so frequently quoted is because it's so damn true. And no example fits this quote better than the government actions taken before and during the Great Depression. In 1929, the single largest tax increase on traded products was passed by both the U.S. House and the U.S. Senate. In May 1930, this so-called Smoot-Hawley tariff was signed into law by President Herbert Hoover, which precipitated massive retaliation on U.S. products by foreign governments. From that moment...
  • Two Big Fiscal Lessons from Colorado’s Pot Legalization

    02/14/2015 7:49:46 AM PST · by Kaslin · 19 replies
    Townhall.com ^ | February 14, 2015 | Daniel J. Mitchell
    Regular readers know that I don’t approve of drug use, but that I also favor legalization because the Drug War has been a costly and ineffective failure.(And it’s led to horrible policies such as intrusive money-laundering laws and Orwellian asset-forfeiture laws).So I was happy when folks in Colorado voted to decriminalize marijuana use, even if part of me didn’t like the idea that politicians would gain a new source of tax revenue.If nothing else, what’s happening in Colorado (and Washington state) will be an interesting social experiment.And even though we only have a modest bit of data, I’m going to be...
  • Kansas bond rating downgraded after tax cuts

    08/07/2014 6:53:42 AM PDT · by C19fan · 7 replies
    Washington Post ^ | August 6, 2014 | Reid Wilson
    An ambitious plan to cut income taxes in Kansas will end up costing the state more money than it initially estimated after a key ratings agency downgraded the state’s debt on Wednesday. Standard & Poor’s cited structural imbalances created by the tax cut in its decision to slice Kansas’s bond rating from AA+ to AA. That means Kansas will have to offer a higher interest rate to lenders when it issues new bonds. The package of tax cuts, backed by Gov. Sam Brownback (R) and his conservative allies in the state legislature, was never offset with equal spending cuts, S&P...
  • Are Maryland Democrats Embracing the Laffer Curve?

    02/14/2014 1:34:36 PM PST · by ThethoughtsofGreg · 11 replies
    American Legislator ^ | 2-13-14 | Ben Wilterdink
    The idea that lowering tax rates can lead to higher revenue collections from increased economic activity is not a new one. Nor is this observation unique to tax policy. A business may lower the price of a good and see a higher profit as many more people choose to purchase that good for the cheaper price. But Arthur Laffer, an economist in the Reagan administration and co-author of ALEC’s Rich States, Poor States report, is credited with popularizing this idea through his “Laffer Curve.” However, many advocates of ever-increasing tax rates accuse promoters of this common sense principle as only...
  • Obamanomics, RIP (by Arthur Laffer & Stephen Moore )

    10/02/2013 6:53:47 AM PDT · by Innovative · 9 replies
    American Spectator ^ | Oct 1, 2013 | Arthur Laffer & Stephen Moore
    Government stimulus spending, paid for by running up the federal credit card, is why we have the never-ending Great Recession, though the left keeps fantasizing that spending “saved us from a second great depression.” But the best evidence of his shrinking agenda is the trend in federal spending. It’s falling, and not at a trickle. Think Niagara (figure 1). Many Americans who have sucked up the Keynesian vapors floating around in the ether cannot imagine that government spending actually hurts the economy. But we would love for the government-as-stimulus crowd to explain the chart below of government spending versus unemployment...
  • Can You Spell L-A-F-F-E-R-C-U-R-V-E?

    07/13/2013 11:52:31 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | July 13, 2013 | Daniel J. Mitchell
    I’m thinking of inventing a game, sort of a fiscal version of Pin the Tail on the Donkey. Only the way it will work is that there will be a map of the world and the winner will be the blindfolded person who puts their pin closest to a nation such as Australia or Switzerland that has a relatively low risk of long-run fiscal collapse.That won’t be an easy game to win since we have data from the BIS, OECD, and IMF showing that government is growing far too fast in the vast majority of nations. We also know that many states and cities suffer from the same...
  • Peter Schiff Was Right 2006 - 2007 (2nd Edition) (video)

    06/11/2013 7:10:05 PM PDT · by Signalman · 11 replies
    youtube ^ | 11/2/2008 | jdouche
    Watch Peter Schiff in 2006/2007 state that the stock market and housing Market were about to crash. Watch the so-called experts laugh at Peter Schiff while claiming that the housing and stock markets were going to rocket upwards. Among the "experts who laughed at Schiff were Art Laffer and Ben Stein. Laffer, Stein and the others were wrong. Very wrong. Peter Schiff was right. By the way, Schiff has predicted an economy and stock market crash in 2013.
  • An Embarrassing Metric Disappears: Why are gov't stats taxpayer migration being discontinued?

    12/11/2012 8:45:57 AM PST · by SeekAndFind · 8 replies
    National Review ^ | 12/11/2012 | Jim Pettit
    As the din of America’s falling headfirst over the fiscal cliff reverberates across the nation, the Obama administration is quietly killing a key economic metric that tells how, and how many, people are voting with their feet. Since 1991 the Internal Revenue Service has been compiling statistics on filers’ addresses, which the agency’s Statistics of Income division uses to show who is moving into and out of every county and state in the nation. As you’d expect, the IRS also knows the aggregate income levels of those who move. So the movements of the most fundamental productive components of the...
  • Tax Fairness | Reverse Parity

    12/02/2012 4:30:25 PM PST · by NaturalBornConservative · 13 replies
    Natural Born Conservative ^ | December 2, 2012 | Larry Walker Jr
    It’s Magic!- By: Larry Walker, II -The current 2012 Tax Rate Schedule is shown below. Applying the Obama-Doctrine, single filers making over $200,000, and married filers making over $250,000 would get a tax hike. However, since there is no cut-off at either $200,000 or $250,000 in the current tax rate schedule, the 33% bracket would need to be split, resulting in a sharp tax increase for a handful of unfortunate individuals. Thus, taxpayers with taxable incomes between $200,000 ($250,000 if married) and $388,350 would see their taxes rise by 20%, while those with incomes over $388,350 would get that plus...
  • Arthur Laffer: The Real 'Stimulus' Record

    08/06/2012 5:07:30 AM PDT · by bt_dooftlook · 5 replies
    WSJ ^ | 08/06/2012 | Arthur Laffer
    In country after country, increased government spending acted more like a depressant than a stimulant. - Policy makers in Washington and other capitals around the world are debating whether to implement another round of stimulus spending to combat high unemployment and sputtering growth rates. But before they leap, they should take a good hard look at how that worked the first time around. It worked miserably, as indicated by the table nearby, which shows increases in government spending from 2007 to 2009 and subsequent changes in GDP growth rates. Of the 34 Organization for Economic Cooperation and Development nations, those...
  • New report debunks narrative on income inequality

    07/26/2012 5:33:39 AM PDT · by TurboZamboni · 6 replies
    laffer center ^ | 7-13-12 | Brian Domitrovic
    that the gap is growing between America’s richest and poorest are built on a foundation of flawed research, according to a report published today by the Laffer Center for Supply-Side Economics. “The principal research supporting claims of dramatic income inequality in America is unsound and misguided,” said Laffer Center Senior Fellow Brian Domitrovic, Ph.D. “This focus on ‘the 1 percent’ takes no account of any absolute increase or decrease in living standards on the part of the lower classes. Studies have shown that in every recent interval of American history, and certainly from 1980 to the present, living standards and...
  • Eureka! The fix California needs is found…

    03/28/2012 11:30:08 AM PDT · by landsbaum · 14 replies
    California need not drown in debt and economic failure. So says Arthur Laffer, the happy advocate of a flat tax for California to solve the Golden State’s ills. We are inclined to favor a flat tax, as we’ve intimated and bellowed from time to time. And Laffer’s new book, Eureka! How to Fix California, is a blueprint for replacing the existing state and local taxes with a single, 5.8-percent flat income tax on personal unadjusted gross income. . .
  • When Taxes Don't Have The Desired Effect

    03/20/2012 3:44:21 PM PDT · by greywar · 31 replies
    zPatriot ^ | 3/20/2012 | Sergeant Greywar
    Even small dis-incentives can drive economic activity to die off or move.While discussing the near inevitability of a tax on buying or selling shares in a company (separate for already existing taxes for gains from those transaction) the German newspaper Der Speigel cites the British experiment with exactly this sort of tax:  To see why, one must look no further than the meager successes of the British stock exchange tax, which only applies to share transactions, which constitute a tiny portion of all financial transactions. Since the introduction of the "Stamp Duty Reserve Tax" of 0.5 percent on the sale...