A video from Cato (by the self-described Geroge Clooney of the policy wonk world).
Not bad actually, makes the sensible points that there is a Laffer Curve, that it depends where we are on it, that different taxes have different feedback mechanisms and, yes, that it’s very rare for a tax cut to entirely pay for itself, just as it is very rare for there to be no revenue enhancing effects at all.
1 response so far ↓
1 Surreptitious Evil // Feb 1, 2008 at 9:46 am
Aren’t they just lucky to be making this in an economy where they can be sure they are in the AB segment rather than the BC segment …
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