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…
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“You don’t want to make the rich poor; you want to make the poor richer,” says Dr. Arthur Laffer, an economist who laid the intellectual foundations for Ronald Reagan and Margaret Thatcher’s right-wing policies in the 1980s. But should we really be cutting services to the poor while we cut taxes for the rich? Has the spread of ‘Reaganomics’ really helped the world’s poor? In this episode of Head to Head, Mehdi Hasan challenges Dr. Arthur Laffer on whether free market economics still makes sense in the wake of the financial crisis, and on his famous ‘Laffer Curve,’ through which he advocates cutting taxes on high earners. Dr. Arthur Laffer has been described as “the father of supply-side economics”.
For its 85th anniversary, Bloomberg Businessweek chronicles the most disruptive ideas of the past 85 years. In 1974, economist Arthur Laffer sketches his theory of tax policy over dinner with Wall Street Journal writer Jude Wanniski and Ford administration officials Donald Rumsfeld and Dick Cheney, kick-starting the rise of supply-side economics. Forty years after one of the most famous dinner-napkin doodles in American history, Laffer, Cheney, and Rumsfeld reunited at that same restaurant.
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…
