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Keyword: hauserslaw

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  • Low Tax Rates Will Generate Jobs As Well As Bring In More Revenue

    12/14/2010 5:31:28 PM PST · by Kaslin · 10 replies
    IBD Editorials ^ | December 14, 2010 | VICTOR SPERANDEO
    In the current jobs debate, one simple economic truth is often neglected: Low tax rates produce more government revenue, not less, and allow more private-sector jobs to be created. Why? Low tax rates leave more capital in private hands to be invested in the marketplace. As simple as this sounds, it's nonetheless often ignored by policy-makers. In short, capital in the hands of private entrepreneurs is invested, which is more efficient than giving it to the government to spend. Not that job creation takes place at the same pace everywhere when rates are cut. Large corporations, small businesses (including individual...
  • Sen. John Ensign (Nevada) Demonstrates that the Bush Tax Cuts Raised US Revenue

    12/14/2010 5:04:31 PM PST · by dila813 · 3 replies
    CSPAN ^ | Today | Sen. John Ensign
    Sen. John Ensign Proves that Bush Tax Cuts Increased Federal Revenue and in fact the deficit is caused entirely due to the spending. I love his chart and it is indicative of what it takes to push back against Democratic Talking Points and I think represents the kind of communication that Conservatives have to emulate.
  • There's No Escaping Hauser's Law [Reagrdless of top tax rate, tax revenues are about 19% of GDP]

    11/25/2010 9:06:22 PM PST · by grundle · 11 replies
    Wall St. Journal ^ | NOVEMBER 26, 2010 | W. KURT HAUSER
    Tax revenues as a share of GDP have averaged just under 19%, whether tax rates are cut or raised. Better to cut rates and get 19% of a larger pie. The Obama administration's budget projections claim that raising taxes on the top 2% of taxpayers, those individuals earning more than $200,000 and couples earning $250,000 or more, will increase revenues to the U.S. Treasury. The empirical evidence suggests otherwise. None of the personal income tax or capital gains tax increases enacted in the post-World War II period has raised the projected tax revenues. Over the past six decades, tax revenues...
  • The Revenue Limits of Tax and Spend

    05/17/2010 2:15:28 AM PDT · by The Raven · 3 replies · 385+ views
    The Wall St Journal (Subscription) ^ | may 17, 2010 | DAVID RANSON
    [snip] U.S. fiscal policy has been going in the wrong direction for a very long time. But this year the U.S. government declined to lay out any plan to balance its budget ever again. Based on President Obama's fiscal 2011 budget, the Congressional Budget Office (CBO) estimates a deficit that starts at 10.3% of GDP in 2010. It is projected to narrow as the economy recovers but will still be 5.6% in 2020. As a result the net national debt (debt held by the public) will more than double to 90% by 2020 from 40% in 2008. The current Greek...
  • We are on The Laffer Curve

    09/16/2009 1:27:09 PM PDT · by Admiral_Zeon · 41 replies · 1,847+ views
    Science Magazine ^ | 16 Sep 2009 | S Carroll
    The Laffer Curve is a simple idea: a government can’t raise taxes forever and expect to increase revenue along the way. Eventually you’re taking so much in taxes that people don’t have any reason to earn income. The argument is simple (and correct): if you have zero tax rate you get zero tax revenue. If you raise taxes just a bit, nobody will be discouraged from working, and you will collect some amount of revenue; therefore, the curve of revenue versus tax rate starts at zero and initially rises. But if the tax rate is 100%, nobody has any reason...
  • You Can't Soak the Rich [Regardless of tax rates, federal tax revenue is always 19.5% of GDP]

    09/22/2008 3:19:03 PM PDT · by grundle · 28 replies · 1,094+ views
    Wall St. Journal ^ | May 20, 2008 | David Ranson
    Kurt Hauser is a San Francisco investment economist who, 15 years ago, published fresh and eye-opening data about the federal tax system. His findings imply that there are draconian constraints on the ability of tax-rate increases to generate fresh revenues. I think his discovery deserves to be called Hauser's Law Like science, economics advances as verifiable patterns are recognized and codified. On this page in 1993, he stated that "No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP." The chart nearby, updating the evidence to 2007, confirms Hauser's Law....