Posts Tagged ‘Laffer curve’

So Many Myths, So Little Time

The first installment in this series scratched the surface of the abundant supply of Minnesota economic and fiscal policy myths. This article scratches a little deeper, knocking off three additional myths. Some of these myths are not unique to Minnesota, but all are heard in Gopher State policy debates. And all are false. Myth #1:…

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Conservative Misapplications of the Laffer Curve

For the last four decades, a sizable phalanx of conservative thinkers has argued that government revenues can be increased by cutting tax rates. In reality, tax rate reductions have consistently failed to generate new revenue, both at the federal and state levels. Nonetheless, faith in the tax-cut-as-revenue-raiser dogma continues. “Tax-cut-as-revenue-raiser” claims are rooted in the…

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