Hassett: Laffer Curve More Valid Than Ever

Arthur Laffer

Bloomberg - by Kevin Hassett - The U.S. is about to have the highest corporate tax rate in the developed world because our competitors have noticed that revenue goes up as rates go down. Multinational corporations today nimbly move their profits to the friendliest environment, rewarding tax havens like never before. It looks as if President Barack Obama and congressional Democrats are going to miss out on the single biggest policy opportunity for the U.S. this year because of their ideological resistance to the idea that lower rates can increase revenue, also known as the Laffer curve.  Read full column here:

Hassett: Laffer Curve More Valid Than Ever