Olemike's Blog

Taxes

Posted by olemike on 08/04/2010

Here is an excellent article by Arthur Laffer regarding the wisdom of tax increases or decreases.

I’d be interested to hear from you about this article.

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2 Responses to “Taxes”

  1. It’s spin. He uses tax revenues as a percentage of GDP. If GDP decreases, tax revenue percentages automatically increase. Also, he sites one small tax cut during Clinton’s presidency. Clinton raised taxes on the wealthy and cut taxes on the middle class and what we had was budget surpluses and a booming economy.

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