Laffer wins again.
The existing empirical evidence on the response of real gross domestic product to added government spending and tax changes is thin. In ongoing research, we use long-term U.S. macroeconomic data to contribute to the evidence. The results mostly favor tax rate reductions over increases in government spending as a means to increase ( Read more... )

I hope you aren't eating right now but (courtesy of scrivener_feed) the left seems to think "feed the beauty" is a nice little aphorism for spending trillions of dollars we don't haveThe fact that Democrats still refuse to acknowledge is that deficits are a result of higher spending, not tax cuts. Tax cuts can and do lead to economic expansions (or expansions ( Read more... )

Moderate and liberal politicians are supporting tax cuts. If conservatives continue to dither instead of taking action they will lose their claim to be the champions of lower tax rates ( Read more... )

Jack Kemp writing in 2005 about the Bush tax cuts.
The economy and the stock market weren't the only things the Bush tax rate reductions restored to health; they also revived federal revenues and will reduce the budget deficit by some $60 billion from last year's level. As the Wall Street Journal pointed out last week, "So far this year federal tax ( Read more... )

In an economic scenario much like we have today brave men boldly cut taxes and triggered a record-setting economic expansion.
The establishment, our teachers, our professors-those who told us to sit down and listen to their wisdom-promised that the Reagan-Kemp-Roth tax cuts would bring inflation, recession, depression, fewer jobs. The establishment ( Read more... )

I told you that Obama would dump his "middle class tax cut" and do it in the same way that Clinton dumped his. From my perspective it was only a matter of time before he abandoned the promise and (just like Clinton) blamed Congress.

So I must say that I am shocked (shocked!) that news is out that the Obama administration is saying the middle ( Read more... )

When Obama touts tax cuts everything is great and wonderful and the best ever but when someone like Bobby Jindal or Sarah Palin talks about them they suddenly become "the reason" we're in a recession ( Read more... )

The NBER has analyzed the choices facing the new President and offer their advice (via Greg Mankiw):
We find that deficit-financed tax cuts work best among these three scenarios to improve GDP, with a maximal present value multiplier of five dollars of total additional GDP per each dollar of the total cut in government revenue five years after the ( Read more... )

http://gregmankiw.blogspot.com/2008/12/bils-klenow-stimulus-plan.html


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The MSM is plying you with "opinion polls" to make you feel bad if you actually want your tax cut that Obama promised.
WASHINGTON - People want the tax cuts promised during the presidential campaign, but may be willing to wait while President-elect Obama takes on the larger issue of fixing the economy.
I think you have as much chance of seeing a tax ( Read more... )