Laffer Nails It
Placed in Politic |-->
Economist Art Laffer has written a very important supply-side article in today’s Wall Street Journal. In “The Tax Threat to Prosperity,” Laffer effectively answers his critics and underscores the particular importance of cutting the top tax rate, which impacts the top 1 percent of income earners.
This is the heart of the Laffer Curve. This is where the surplus revenues come from in response to the incentive effect of reducing that all-important top tax rate.
Of course, this is what is being missed in the whole goofy rebate-stimulus argument that is all the rage down in Washington.
And might I add that this so-called rebate stimulus is having no impact at all on the stock market. This is for the very simple reason that it contains no permanent economic growth effect.
Bravo to my dear friend and mentor Art Laffer.
Friday Night Lineup
On CNBC's Kudlow & Company at 7pm ET tonight:OIL, GOLD, THE DOLLAR, STOCK MARKET & MORE...Our market all-stars will discuss and debate all the latest news, trends and developments affecting investors.On board:*Don Luskin, chief investment officer, Trend Macro*Art Laffer, chairman, Laffer...
Friday Night Lineup
On CNBC's Kudlow & Company at 7pm ET tonight:MONEY POLITIC$...We're going to have a Washington to Wall Street debate between Art Laffer, economist and president of Laffer Associates and former Clinton Labor Secretary & author of "Supercapitalism" Robert Reich. THE STOCK...
Monday Night’s Special Lineup
***Kudlow & Company will broadcast live from Washington D.C. at 7pm ET this evening.***On tonight's program:THE STOCK MARKET, POLITICAL LANDSCAPE & MORE...Our Washington to Wall Street panel will discuss and debate all the latest news and developments affecting the stock market...
Friday Night Lineup
On CNBC's Kudlow & Company at 7pm ET tonight:THE MARKETS...CNBC's Charlie Gasparino will lead us off with a report on all the latest news and developments affecting the monoline insurers. Our stock market panel: *Doug Kass, founder & president of Seabreeze...
Tuesday Night Special Lineup
On CNBC's Kudlow & Company at 7pm ET tonight:THE MARKETS, AIG, BANKS & MORE…Our stock market all-stars will discuss and debate all the latest news and developments affecting investors.On board:*Doug Kass, president, Seabreeze Partners Management*Don Luskin, chief investment officer, Trend Macro*Vince...
- laffer (3)
All other brands, product names, company names, trademarks and marks are the properties of their respective owners.