[SeekAndFind]

ABOUT THE AUTHOR:

Mr. Laffer, chairman of Laffer Associates and the Laffer Center for Supply-Side Economics, is co-author, with Stephen Moore, of “Return to Prosperity: How America Can Regain Its Economic Superpower Status” (Threshold, 2010).

He first gained prominence during the Reagan administration as a member of Reagan’s Economic Policy Advisory Board (1981–1989). Laffer is best known for the Laffer curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments.

[scooby321]

It used to be that the sole purpose of the tax code was to raise the necessary funds to run government. But in today's world the tax mandate has many more facets. These include income redistribution, encouraging favored industries, and discouraging unfavorable behavior.

I hate GWB for removing so many people from the tax rolls.

[richmulv]

I respect Laffers opinion but when it takes an extensive article in the WSJ to explain the 999 plan, one must consider the fact that the average American is not going to fully understand it. On the surface the idea is too open to demagogery because it is difficult to understand. We saw that last night when all of the other candidates seemed to attack it.