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Keyword: arthurlaffer

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  • Economist: GOP may win 47 states in general election

    01/10/2016 8:25:59 AM PST · by Rockitz · 59 replies
    The Hill ^ | 10 January 2016 | Bradford Richardson
    Supply-side economist Arthur Laffer is predicting Republicans will win the White House in a landslide this year, regardless of the nominee. “I would be surprised if the Republicans don’t take 45, 46, 47 states out of the 50,” Laffer told host John Catsimatidis on “The Cats Roundtable” on New York’s AM-970 on Sunday. “I mean, I think we’re going to landslide this election.” Laffer, who served in various positions in the Nixon, Ford and Reagan administrations, said he is bullish on the entire Republican primary field. “When I look at these candidates, I don’t see one of them who wouldn’t...
  • The Laffer Curve and Limits to Class Warfare Tax Policy

    09/21/2014 11:29:08 AM PDT · by Kaslin · 15 replies ^ | September 21, 2014 | Daniel J. Mitchell
    I’m a big advocate of the Laffer Curve. Simply stated, it’s absurdly inaccurate to think that taxpayers and the economy are insensitive to changes in tax policy.Yet bureaucracies such as the Joint Committee on Taxation basically assume that the economy will be unaffected and that tax revenues will jump dramatically if tax rates are boosted by, say, 100 percent.In the real world, however, big changes in tax policy can and will lead to changes in taxable income. In other words, incentives matter. If the government punishes you more for earning more income, you will figure out ways to reduce the...
  • Arthur Laffer: The Real 'Stimulus' Record

    08/06/2012 5:07:30 AM PDT · by bt_dooftlook · 5 replies
    WSJ ^ | 08/06/2012 | Arthur Laffer
    In country after country, increased government spending acted more like a depressant than a stimulant. - Policy makers in Washington and other capitals around the world are debating whether to implement another round of stimulus spending to combat high unemployment and sputtering growth rates. But before they leap, they should take a good hard look at how that worked the first time around. It worked miserably, as indicated by the table nearby, which shows increases in government spending from 2007 to 2009 and subsequent changes in GDP growth rates. Of the 34 Organization for Economic Cooperation and Development nations, those...
  • The Inside Story: Why a Ron Paul Disciple Left His Ranks

    David Bahnsen of Newport Beach, California is a Senior Vice President of Morgan Stanley, and also serves on the Board of Advisers of the California Recovery Project with Dr. Arthur Laffer. Bahnsen has abandoned his earlier support of the Ron Paul crusade, and now describes himself as an "economically literate Republican." He is the author of "The Undiscerning and Dangerous Appreciation of Ron Paul." Bahnsen says "It is the ironic that Ron Paul's alleged praiseworthiness comes from his devotion to the Constitution, when in fact, he has emphatically rejected it." Bahnsen has many family and business connections with libertarians. His...
  • Laffers new book: Good, but a study in the obvious.

    03/28/2012 5:15:13 PM PDT · by landsbaum · 7 replies
    Weve finished economist Arthur Laffers new book, Eureka! How to Fix California, which he delivered to the Register this morning in person while visiting with our Editorial Board. Its a good. But in a sense its a wonder why people have to devote countless hours of research to study such stuff, when the conclusions are so intuitively obvious. In short . . .
  • Eureka! The fix California needs is found

    03/28/2012 11:30:08 AM PDT · by landsbaum · 14 replies
    California need not drown in debt and economic failure. So says Arthur Laffer, the happy advocate of a flat tax for California to solve the Golden States ills. We are inclined to favor a flat tax, as weve intimated and bellowed from time to time. And Laffers new book, Eureka! How to Fix California, is a blueprint for replacing the existing state and local taxes with a single, 5.8-percent flat income tax on personal unadjusted gross income. . .
  • Fifty Percent Tax Bracket Failing to Raise Revenues

    02/23/2012 6:57:17 PM PST · by Sick of Lefties · 9 replies
    Noman Says ^ | 2/22/12 | Noman
    The Telegraph reports that Britain's new higher taxes on the rich aren't producing any revenue for the government. It appears that people are changing their behavior to avoid the levy. [end quote] Senior sources said that the first official figures indicated that there had been manoeuvring by well-off Britons to avoid the new higher rate. The figures will add to pressure on the Coalition to drop the levy amid fears it is forcing entrepreneurs to relocate abroad. [end quote] Not only did revenues to the UK Treasury not go up. They went down by 509 million, or roughly 5%. The...
  • Class Warfare and the Buffet Rule

    01/12/2012 7:24:37 PM PST · by Sick of Lefties · 1 replies
    Noman Says ^ | 1/11/12 | Noman
    Noman was delighted to find an Arthur Laffer opinion piece in this morning's paper. In it, he argues that a millionaire surtax would hurt everyone but the super rich like Warren Buffet. Noman imagines that Buffet knows this, which is why he felt safe being so bold as to champion the notion. [quote] Waving Mr. Buffett's op-ed for all to see, Mr. Obama wasted no time in proposing a surtax on millionaires called the "Buffett Rule." Putting aside all the oohing and ahhing over Mr. Buffett's selflessness, his effective tax rate on his true income would hardly budge if this...
  • Speaker Gingrich gets Pres Ronald Reagan economist endorsement (Art Laffer)

    12/27/2011 4:13:06 PM PST · by TBBT · 50 replies ^ | Greta Van Susteren
    Newt Gingrich Endorsed by Architect of Reagan Economic Plan, Economist Arthur Laffer Dyersville, IA Renowned economist, father of The Laffer Curve and supply-side economics, and architect of the Ronald Reagan economic plan, Arthur Laffer, announced his endorsement today of Newt Gingrich for President of the United States. Newt has the best plan for jobs and economic growth of any candidate in the field, said Laffer. Like Ronald Reagans tax cuts and pro-growth policies, Newts low individual and corporate tax rates, deregulation and strong dollar monetary policies will create a boom of new investment and economic growth leading to the...
  • Architect of Cain's 9-9-9 plan says he should drop the sales tax

    10/18/2011 12:28:10 PM PDT · by Brookhaven · 153 replies
    The Hill ^ | 10-18-11 | Jonathan Easley
    Economist Stephen Moore, one of the architects of presidential contender Herman Cains 9-9-9 tax plan, said Cain needs to rework a critical component of the plan. Cains plan would replace the current tax structure with a 9 percent corporate tax rate, a 9 percent personal income tax rate and a 9 percent federal sales tax. But speaking on Larry Kudlows radio show on Saturday, Moore said the sales tax should be replaced with a 9 percent payroll tax. Ive come to the conclusion that the American people and the voters do not want a national sales tax, he said. [Cains]...
  • Did I Catch a Niner in There? [Paul Ryan loves Cain Plan, Reaganomics Arthur Laffer: "Wonderful"]

    10/14/2011 11:55:32 AM PDT · by fight_truth_decay · 7 replies
    MyFox Houston ^ | Friday, 14 Oct 2011 | Staff
    I think Nine-Nine-Nine is a wonderful plan. I think a lot of the candidates have very good plans for tax reform, but I love the Nine-Nine-Nine Plan. I think it's a great first step.-- Economist Arthur Laffer, top tax adviser to President Ronald Reagan, on Special Report" with Bret Baier. Arthur Laffer, one of the high priests of Reaganomics, who told Bret Baier Herman Cains Nine-Nine-Nine Plan is wonderful. House GOP Budget Boss Paul Ryan told the Daily Caller he loves Cains plan. In Republican circles those are two very big boosters, especially for a guy who is said...
  • Boeing and the Union Berlin Wall(Obama 'Chavez' sues Boeing for opening new plant in SC)

    05/12/2011 8:58:57 PM PDT · by sickoflibs · 76 replies
    wall street journal online ^ | MAY 13, 2011. | ARTHUR B. LAFFER
    The Obama administration's National Labor Relations Board filed a complaint last month against Boeing to block production of the company's 787 Dreamliner at a new assembly plant in South Carolinaa "right to-work" state with a law against compulsory union membership. If the NLRB has its way, Dreamliner assembly will return to Washington, a union-shop state, along with more than 1,000 jobs. The NLRB's action, which Boeing will challenge at a hearing next month, is a big deal. It's the first time a federal agency has intervened to tell an American company where it can and cannot operate a plant within...
  • Tax Hikes and the 2011 Economic Collapse (Arthur Laffer in the Wall St. Journal)

    06/06/2010 4:04:57 PM PDT · by kristinn · 32 replies · 932+ views
    The Wall Street Journal ^ | Monday, June 7, 2010 | Arthur Laffer
    SNIP On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush's tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate tax rate to 55% from zero. Lots and lots of other changes will also occur as a result of the sunset provision in the Bush tax cuts. SNIP Also, the prospect of rising...
  • Taxes, Depression, and Our Current Troubles (They ruined the 1930s, they could do the same today)

    09/22/2009 6:56:25 AM PDT · by SeekAndFind · 19 replies · 1,081+ views
    Wall Street Journal ^ | 9/22/2009 | Arthur Laffer
    The 1930s has become the sole object lesson for today's monetary policy. Over the past 12 months, the Federal Reserve has increased the monetary base (bank reserves plus currency in circulation) by well over 100%. While currency in circulation has grown slightly, there's been an impressive 17-fold increase in bank reserves. The federal-funds target rate now stands at an all-time low range of zero to 25 basis points, with the 91-day Treasury bill yield equally low. All this has been done to avoid a liquidity crisis and a repeat of the mistakes that led to the Great Depression. Even with...
  • Economy Expert: Bailout Is Nonsense and Irresponsible (Arthur Laffer)

    09/29/2008 5:14:06 PM PDT · by pissant · 23 replies · 1,148+ views
    WSMV ^ | 5/29/08 | Nancy Amons
    NASHVILLE, Tenn. -- Some Tennesseans will tell you they had reservations about the bailout from the word go. "I'm a business owner, said Alicia Griffith. And if I do things wrong, there's nobody there to bail me out." Here's the list of how Tennessee representatives voted: Republicans Rep. Marsha Blackburn, no Rep. Zach Wamp, no Rep. David Davis, no Rep. John Duncan Jr., no Democrats Rep. Jim Cooper, yes Rep. Bart Gordon, yes Rep. Steve Cohen, yes Rep. John Tanner, yes Rep. Lincoln Davis, no The Tennessee Bankers Association said they don't see any short-term consequences. Tennessee banks, they said,...
  • California exodus turns to stampede

    02/21/2008 4:07:43 AM PST · by Man50D · 414 replies · 657+ views ^ | February 20, 2008
    WASHINGTON California, which once lured Americans from near and far, is now driving out millions of the most productive residents including high percentages of the most affluent. "When California faced a Mount Everest-sized $14 billion deficit in 2003, one of the major causes for the red ink was the stampede of millionaire households from the state," says a report called "Rich States, Poor States" by economists Arthur Laffer and Stephen Moore. "Out of the 25,000 or so seven-figure-income families, more than 5,000 left in the early 2000s, and the loss of their tax payments accounted for about half...
  • Weekend Show *Preview* for 6/10 - 6/11/06 (not the live thread)

    06/09/2006 7:48:33 PM PDT · by Phsstpok · 25 replies · 736+ views
    Network and Cable News Networks | 6/09/06 | Network and Cable News
    Weekend Talk Show *Preview* for Saturday, June 10th and Sunday, June 11th, 2006 (not the live thread)The main message is the Sunday Shows on 6/11/006. Message 1 will be the Saturday Shows and message 2 will be the show guest links post. Then I'll post the ping list.ABC This Week (George Stephanopoulos) Meme: Yeah, yeah, a minor annoyance was murdered by the ruthless US military and Bushitler. So what?Did you get a look at the hunk, Al Gore, with Steponallofus last week? Talk about Presidential! Topics: Amb. L. Paul Bremer on al-Zarqawi's death and the fight for IraqRep. Reynolds vs....
  • Spend Less, Grow More (Ken Blackwell and Arthur Laffer try to rescue Ohio's economy)

    07/21/2005 11:28:41 AM PDT · by AuH2ORepublican · 35 replies · 693+ views
    Opinion Journal from The Wall Street Journal ^ | July 21, 2005 | Kenneth Blackwell and Arthur B. Laffer
    In 1970, Ohio had one of the lowest tax burdens in the Union--it now has one of the highest. As of 2005, the state's tax burden, as estimated by the Tax Foundation, is 35.8% higher than it was in 1970, the largest increase in the nation over this period. The next largest, 26.5% in Arkansas, was far smaller, and the average increase in the U.S. tax burden was just 3.1%. Over the past decade alone, Ohio's state and local government direct spending per $1,000 of personal income has risen 19.6%, by far the highest such spending growth in the region...
  • Arnold Vs Gerry (The Governator Takes On The Ultimate Incumbent Protection Scheme Alert)

    02/06/2005 9:44:27 PM PST · by goldstategop · 29 replies · 600+ views ^ | 02/06/05 | John Fund
    "What kind of democracy is that?" Mr. Schwarzenegger asked in his State of the State address. He noted that the current system allows special interests to dominate low-turnout party primaries, which thus favor rigidly ideological candidates in both parties. He vowed to repair this "rigged" system even though many incumbents in his own party don't want to put their own seats at risk. ... In tackling redistricting, Mr. Schwarzenegger faces a daunting political challenge. Five times in the past, voters have rejected redistricting reform, including similar commissions. Former Assembly Speaker Willie Brown boasted in the 1980s about his ability to...