40 years ago we called what Hamilton said inf Federalist #21 “The Laffer Curve”, as Dr. Laffer documented how raising taxes in Europe from 1945 – 1965 actually lowered collections. It was the reason Ronnie cut the IRS rate from 70% to 28% between 81 + 86. And why the economy boomed in the 80′s as did Federal collections.
Ronnie vetoed a Nanny Stat law every month he was President (almost 100) but he cold no stop the rise in spending and the deficit grew even with collections growing.
At least Ronnie had the guts to veto a bad bill!

BTW out West we have seen The Laffer curve still works. Arnie has raised taxes for 5 years but guess what? Collections have not gone up!

40 years ago we called what Hamilton said inf Federalist #21 “The Laffer Curve”, as Dr. Laffer documented how raising taxes in Europe from 1945 – 1965 actually lowered collections. It was the reason Ronnie cut the IRS rate from 70% to 28% between 81 + 86. And why the economy boomed in the 80′s as did Federal collections.
Ronnie vetoed a Nanny Stat law every month he was President (almost 100) but he cold no stop the rise in spending and the deficit grew even with collections growing.
At least Ronnie had the guts to veto a bad bill!

BTW out West we have seen The Laffer curve still works. Arnie has raised taxes for 5 years but guess what? Collections have not gone up!

I won’t speculate about when she’s sleeping.

I won’t speculate about when she’s sleeping.