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...
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...
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...
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...
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...
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...
Barack Obama and the Democrats in Congress are betting the future of the U.S. economy on a gamble that tax rates don’t matter: so raising income taxes, dividend taxes, and capital gains taxes in 2013, won’t hurt the economy. The evidence from the states, however,...
