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…

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, suggests just the opposite is true. We’ve looked at the…

Chairman Mary Schapiro of the Securities and Exchange Commission announced Wednesday that she did not have the required votes among the SEC commissioners to proceed with new proposed regulations on money market mutual funds (MMFs). In her statement, she then urged other policymakers to act “to address the systemic risks posed by money market funds.”…

In February 2009, President Barack Obama issued his first budget, a budget that resulted in a federal deficit of $1.3 trillion. The title of the budget, “A New Era of Responsibility,” had partners in rhetorical exorbitance in its subheadings: “Inheriting a Legacy of Misplaced Priorities,” “Ignoring Our Long-term Challenges,” and “Failure to Invest in Our…