This comprehensive study on Kentucky’s economic history and prosperity agenda examines state revenue, pensions, tax structure, and political corruption. While Kentucky’s economic performance has historically ranked poorly, Dr. Laffer offers remedies for a path forward. Link to study: The Commonwealth of Kentucky - An Economic History and...
I spent all weekend thinking about Bob Mundell. I had just gotten the hard copy of my own book released several weeks ago, and I was reading it, beginning with the dedication: To Bob Mundell. Robert A. Mundell, the 1999 Nobel Prizewinner in economics and...
On the death of legendary public servant George P. Shultz several days ago, the New Republic ran an extraordinary piece of historical reflection, Bruce Bartlett’s “George Shultz, the Godfather of the Discredited Laffer Curve.” Bartlett’s piece uses Shultz’s death as the merest of pretexts for its...
Professor Saez, the Svengali of raising tax rates on the rich, argues that a tax rate of 73% on the top 1% of income earners raises the most revenues. Somehow, he must have overlooked the 1920s when the highest tax rate was cut from exactly...
When the recent public health crisis took shape in early March, one of the intriguing events that was postponed until the fall was a debate between Arthur Laffer and Emmanuel Saez on the issues of inequality, top income tax rates, and the possibility of a...
These series of charts offers a snapshot of West Virginia’s economic climate and how the state compares with other U.S. states. The charts were included in Dr. Laffer’s remarks to the West Virginia Chamber of Commerce’s Annual Meeting on September 2, 2015. Link to study: West...
For many countries around the world, the challenge of administering effective tobacco taxation has been to ensure the optimal level and structure of taxation that achieves the public health and public finance goals of governments. As I pointed out in my book, Handbook of Tobacco Taxation:...
President Obama’s FY 2016 budget plan includes a proposal to deny the standard business cost deduction to U.S.-based, foreign-owned companies for reinsurance premiums they pay to foreign reinsurance affiliates. That same proposal is carried over, though never enacted, from President Obama’s budgets for several recent...