Keyword: artlaffer

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  • ART LAFFER: I Was Wrong About Inflation And The Fed

    01/03/2014 10:22:34 AM PST · by SeekAndFind · 146 replies
    Business Insider ^ | 01/03/2014 | Rob Wile
    Arthur Laffer is a legend in Washington, having been the leading voice on President Ronald Reagan's hawkish Economic Policy Advisory Board.  His "Laffer Curve," which argued that there are diminishing returns after a certain point of taxation, was taken as gospel.If his views are not quite as frequent a presence in public debate, it's largely because Laffer's pet issues, regulation and taxes, took a back seat during the George W. Bush and Barack Obama administrations.  But Laffer himself still occasionally makes appearances on the public scene.And in June of 2009, he penned an op-ed warning excessive quantitative easing would inevitably lead...
  • 101 Years Later, Milton Friedman is Still Wrong

    08/06/2013 10:21:57 AM PDT · by DannyTN · 109 replies
    Policymic.com ^ | 8/1/13 | Sean McElwee
    Wednesday was the 101st anniversary of Milton Friedman’s birth, and it will be widely celebrated among the vast number of Americans who march in Tea Parties and wear tricorner hats in public. He will be hailed by the vast number of “libertarian populists” now burgeoning within the Republican ranks. But the new “libertarian populism” is increasingly at odds with the possibility of a shared future. Libertarian populists love markets. One of their favorite proposals is privatization: If there is a problem, they look to markets to solve it. Milton Friedman wrote, “The most important single central fact about a free...
  • Peter Schiff Was Right 2006 - 2007 (2nd Edition) (video)

    06/11/2013 7:10:05 PM PDT · by Signalman · 11 replies
    youtube ^ | 11/2/2008 | jdouche
    Watch Peter Schiff in 2006/2007 state that the stock market and housing Market were about to crash. Watch the so-called experts laugh at Peter Schiff while claiming that the housing and stock markets were going to rocket upwards. Among the "experts who laughed at Schiff were Art Laffer and Ben Stein. Laffer, Stein and the others were wrong. Very wrong. Peter Schiff was right. By the way, Schiff has predicted an economy and stock market crash in 2013.
  • Flatten California! (Art Laffer's proposal to fix the state’s business-killing tax regime)

    06/14/2012 4:22:44 AM PDT · by SeekAndFind · 12 replies
    City Journal ^ | 06/14/2012 | ARTHUR B. LAFFER
    Six years ago, I decided to leave Rancho Santa Fe, California, for Nashville, Tennessee. That’s a major undertaking for anyone, but particularly for a 25-year resident of Southern California, dragging his whole family and company along with him. I still remember decision day: January 5, 2006. I’d been disappointed in November by the defeat of Governor Arnold Schwarzenegger’s ballot initiatives, which aimed at reining in state spending, but I was utterly aghast as I read the transcript of the governor’s State of the State speech just days into the new year. Clearly, he had resolved to move in a big-government...
  • 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 State’s ills. We are inclined to favor a flat tax, as we’ve intimated and bellowed from time to time. And Laffer’s 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. . .
  • Rasmussen: Newt Pulling Away Nationally

    01/24/2012 12:05:31 PM PST · by Reaganite Republican · 56 replies
    Reaganite Republican ^ | January 24, 2012 | Reaganite Republican
    Gingrich 35%    Romney 28    Santorum 16    Paul 10  Well, that happened quite a bit quicker than I expected- Newt out 7 points on Mittens nationally.  If you missed it, Gallup already had the Former House Speaker hypothetically in a statistical dead-heat with Obama, too... maybe he's 'electable' after all, eh. And another thing you hear from the other side is stuff about Newt’s considerable ego and ‘megalomaniac’, etc. Well, consider this: the ball is REALLY teed up for any who’d like to be a conservative hero of all time… think about it. The opportunity is right there,...
  • Newt Gingrich Endorsed by Architect of Reagan Economic Plan, Economist Arthur Laffer

    12/28/2011 11:38:08 PM PST · by 2ndDivisionVet · 18 replies
    Fox News ^ | December 27, 2011 | Joy Lin
    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 Tuesday 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 Reagan's tax cuts and pro-growth policies, Newt's 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 creation of tens of millions of new jobs over the next decade....
  • Economist Art Laffer Endorses Gingrich

    12/28/2011 5:06:30 PM PST · by SeekAndFind · 18 replies
    Newsmax ^ | 12/28/2011
    Arthur Laffer, the architect of Ronald Reagan’s economic plan, announced today that he is endorsing Newt Gingrich for president. "Newt has the best plan for jobs and economic growth of any candidate in the field,” said Laffer, the renowned economist who is the father of The Laffer Curve and supply-side economics. “Like Ronald Reagan’s tax cuts and pro-growth policies, Newt’s 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 creation of tens of millions of new jobs over the next decade,” Laffer declared. “Plus,...
  • Art Laffer's Column: Herman Cain's Stimulating '9-9-9' Tax Reform

    10/19/2011 8:44:03 AM PDT · by SeekAndFind · 34 replies
    Wall Street Journal ^ | 10/19/2011 | Art Laffer
    It used to be that the sole purpose of the tax code was to raise the necessary funds to run government. But in today's world the tax mandate has many more facets. These include income redistribution, encouraging favored industries, and discouraging unfavorable behavior. To make matters worse there are millions and millions of taxpayers who are highly motivated to reduce their tax liabilities. And, as those taxpayers finagle and connive to find ways around the tax code, government responds by propagating new rules, new interpretations of the code, and new taxes in a never-ending chase. In the process, we create...
  • 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 Cain’s 9-9-9 tax plan, said Cain needs to rework a critical component of the plan. Cain’s 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 Kudlow’s radio show on Saturday, Moore said the sales tax should be replaced with a 9 percent payroll tax. “I’ve come to the conclusion that the American people and the voters do not want a national sales tax,” he said. “[Cain’s]...
  • Reagan Economist Breaks Down 999 Plan

    10/15/2011 3:46:42 PM PDT · by justsaynomore · 153 replies
    Fox news ^ | 10/13/11 | Baier/laffer
    Art Laffer (the originator of the Laffer Curve, and inspiration of Reagonomics) breaks down Herman Cain's plan
  • Art Laffer: Obama Must Use Reaganomics to Save Economy ('It's not magic sauce, it's common sense')

    08/10/2011 5:40:26 PM PDT · by SeekAndFind · 30 replies
    Newsmax ^ | 08/10/2011 | Martin Gould and Kathleen Walter
    The only way President Barack Obama can solve the nation’s economic woes is to adopt “common-sense” Reaganomics, the policy’s architect Arthur Laffer claims in an exclusive Newsmax.TV interview. Laffer said the White House called him in the spring and asked him to speak to Obama’s former Council of Economic Advisors’ chairman Austen Goolsbee – and he had told him exactly the same thing. “Reaganomics would fix any economy that’s in the doldrums,” Laffer said. “It’s not a magic sauce, it’s common sense. “You’ve got to get rid of all federal taxes in the extreme and replace them with a low-rate...
  • Arthur Laffer Is So Full Of It -- Here's What Tax Cuts Really Do To The Economy

    06/07/2010 7:40:17 PM PDT · by blam · 70 replies · 436+ views
    The Business Insider ^ | 6-7-2010 | Asha Bangalore, Northern Trust
    Arthur Laffer Is So Full Of It -- Here's What Tax Cuts Really Do To The Economy Asha Bangalore, Northern Trust Jun. 7, 2010, 9:20 PM In the post below, Asha Bangalore of Northern Trust responds to Art Laffer's WSJ op-ed demanding more tax cuts. The title above, of course, is ours (Asha's far too professional and polite for a title like that). Asha's title is "Missing Elements" of Mr. Laffer's Incomplete Story. Mr. Laffer illustrates his arguments about tax cuts and the positive impact on economic growth with the Reagan tax cut experience (see chart 1, replication of chart...
  • Is Arthur Laffer Setting Up Another Debt Bomb? (The primary architect of Reagan’s debt bomb)

    09/29/2009 8:53:16 AM PDT · by SeekAndFind · 30 replies · 1,623+ views
    Seeking Alpha ^ | 9/28/2998
    Arthur Laffer, the primary architect of Reagan’s debt bomb that we are currently trying to defuse, has now executed a complete 180° turn from his monetary policies that gutted the Midwest industrial base in the 1980s. In a WSJ article on September 22, 2009, he claims the problems of the Great Depression are not caused primarily by tight monetary policy but rather tariffs and taxes. While he gets the facts he mentions right, he ignores the timing of taxes and deficits, tariffs and balance of trade. He’s right that talk of tariffs may have been the trigger that started the...
  • We are on The Laffer Curve

    09/16/2009 1:27:09 PM PDT · by Admiral_Zeon · 41 replies · 1,847+ views
    Science Magazine ^ | 16 Sep 2009 | S Carroll
    The Laffer Curve is a simple idea: a government can’t raise taxes forever and expect to increase revenue along the way. Eventually you’re taking so much in taxes that people don’t have any reason to earn income. The argument is simple (and correct): if you have zero tax rate you get zero tax revenue. If you raise taxes just a bit, nobody will be discouraged from working, and you will collect some amount of revenue; therefore, the curve of revenue versus tax rate starts at zero and initially rises. But if the tax rate is 100%, nobody has any reason...
  • You Can't Soak the Rich [Regardless of tax rates, federal tax revenue is always 19.5% of GDP]

    09/22/2008 3:19:03 PM PDT · by grundle · 28 replies · 1,094+ views
    Wall St. Journal ^ | May 20, 2008 | David Ranson
    Kurt Hauser is a San Francisco investment economist who, 15 years ago, published fresh and eye-opening data about the federal tax system. His findings imply that there are draconian constraints on the ability of tax-rate increases to generate fresh revenues. I think his discovery deserves to be called Hauser's Law Like science, economics advances as verifiable patterns are recognized and codified. On this page in 1993, he stated that "No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP." The chart nearby, updating the evidence to 2007, confirms Hauser's Law....
  • Legendary Economist Arthur Laffer Endorses Lonegan Flat Tax and Economic Agenda (Lonegan for NJ Gov)

    05/15/2009 11:36:31 AM PDT · by St. Louis Conservative · 6 replies · 386+ views
    PolitickerNJ ^ | May 15, 2009 | Press Office
    NASHVILLE – Former economic advisor to President Ronald Reagan and “Father of Supply-Side Economics” Dr. Arthur Laffer today endorsed the Steve Lonegan Flat Tax plan for New Jersey. "Steve Lonegan's economic plan is the best medicine for New Jersey's ailing state economy," Dr. Laffer said. "The Lonegan Flat Tax would replace New Jersey's stifling progressive income tax and its top rate of 9 percent with a simple, flat tax of 2.9 percent that would unshackle entrepreneurship and capital formation and give New Jersey residents a huge incentive to work, save, and invest. His plans to cut spending and repeal business...
  • Prepare for the Worst

    10/08/2008 8:43:04 AM PDT · by truthandlife · 95 replies · 4,379+ views
    American Spectator ^ | 10/8/08 | Peter Ferrara
    Just two weeks ago, a book on economic policy was released that will be a classic for the ages. Entitled The End of Prosperity, by Art Laffer, Steve Moore, and Peter J. Tanous, the book explains in full detail the economic disaster that will befall America if it takes a sharp left turn to neo-socialism under the leadership of the far left President Barack Obama, the ultraleft Speaker of the House Nancy Pelosi, Senate Majority Leader Harry Reid with 60 liberal Democrat Senators, and their pal the ultraliberal Howard Dean heading the Democrat party. Indeed, one of the insights of...
  • WSJ: State Budgets Get Relief With Surge in Revenues - Corporate Profits, Rise in Pay, Housing Deals

    06/14/2005 5:34:11 AM PDT · by OESY · 10 replies · 670+ views
    Wall Street Journal ^ | June 14, 2005 | RAFAEL GERENA-MORALES
    Strong gains in corporate profits, household income and home sales are swelling tax revenues for states nationwide, helping to close budget gaps and boost spending. State-tax revenue for the July-March period of the fiscal year ending June 30 reached $387 billion, up 9.5% from the year-earlier period.... Tax collections in the January-March quarter were up 11.7%, the strongest year-on-year growth for that period since at least 1991. The institute also says that if the current pace continues, states are on track to take in a record $550 billion for the full fiscal year, which ends June 30 for most states.......