Posts Tagged ‘tax reductions’

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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