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 Virginia Chartbook
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: Theory and Practice, many people believe that tax policies on tobacco…
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 years. Link to study: Do We Want Special Interest Trade…
Jimmy Pethokoukis, a columnist and blogger at the American Enterprise Institute, recently appeared on my friend Bill Bennett’s radio show. Based on his comments on Bill’s show, Jimmy wrote an article entitled “The right needs to get real on Reaganomics,” claiming that the Reagan tax cuts didn’t pay for themselves. Bill Bennett asked for my…
Summary • Keynesian policies exacerbated both the Great Depression and Great Recession, while supply-side policies gave us the Roaring Twenties and the Reagan Eighties—the two most prosperous periods of the 20th century. • The ideal public policies should be: a.) a low rate broad-based flat tax, b.) spending restraint, c.) sound money, d.) free trade and…
A prosperous economy is created via good economic policy and then getting out of the way to let America’s amazing companies and citizens work, produce and invest. The perfect pro-growth agenda includes: a low rate flat tax, spending restraint, sound money, minimal regulation, and free trade. While bipartisan movement on some of these key pro-growth…
PRESS RELEASE San Francisco, November 6, 2014 Pacific Research Institute Launches New Book The Pillars of Reaganomics: A Generation of Wisdom from Arthur Laffer and the Supply Side Revolutions Timeless Ideas for a New Congress The Laffer Center at the Pacific Research Institute (PRI) today launched a new book, The Pillars of Reaganomics: A Generation…
Declaring ‘One Size Does Not Fit All,’ Renowned Economist Highlights Why Countries Must Retain Fiscal Sovereignty When Setting Excise Rates LONDON – As excise taxes become increasingly important throughout the world, Dr. Arthur Laffer today released his international tobacco tax handbook, cautioning that “one size does not fit all” in tobacco tax policy and offering…
