Trump Tax Cut An Ode To The Laffer Curve

[To-Whose-Benefit?]

townhall
Stephen Moore
Posted: Dec 27, 2017 12:01 AM

[excerpt]

https://townhall.com/columnists/stephenmoore/2017/12/27/trump-tax-cut-an-ode-to-the-laffer-curve-n2426406

The unsung hero of the GOP Christmas gift of a tax cut is Arthur Laffer -- the Reagan economist who helped devise the Gipper's tax reductions. Those tax cuts rebuilt the U.S. economy in the 1980s and pulled us out of the mini-depression of high inflation and unemployment in the late 1970s.

Some 30 years later, Laffer has struck again. House Speaker Paul Ryan tells me that there "were very few economists who had a bigger impact on this tax bill than Laffer. Believe, me our (Republican) members listen to him." Rep. Mark Meadows, the chairman of the Freedom Caucus, adds, "Laffer is one of our go-to guys on understanding the economy."

And why not? Laffer is the economist who over the last several decades has taught presidents, foreign leaders, governors and senators how taxes weigh on the economy. Just about 40 years ago he had a famous dinner in Washington with then-top White House advisers, Dick Cheney and Don Rumsfeld, and drew them the famous chart on the cloth hotel napkin. The "Laffer Curve" teaches us that when tax rates get too high, they smother investment, saving, work and entrepreneurship.

[Oceander]

US tax rates were not far enough up the Laffer Curve for the cuts to pay for themselves. 

[truth_seeker]

Tax cuts by Kennedy, Regan, Thatcher, Bush II and Trump. Tax cuts good.

 

[Bigun]

US tax rates were not far enough up the Laffer Curve for the cuts to pay for themselves.

BS! 

[To-Whose-Benefit?]

BS!

I just love the concept of a Tax Cut that doesn't 'pay for itself'.

Who the hell's money is it to begin with?

Even if Every bucket full of barnyard gold the Tax Cut Deniers tossed at Tax Cuts were true;

Even if Tax Cuts ONLY benefited the top 1%;

Even if they hoarded it like Scrooge McDuck and went swimming in it in a big pile,

WHO would you rather have handling the money?

The 1%, or;