Laffer and Domitrovic present a comprehensive history of income tax rates and their effects on the economy from World War I to the present, and they cover not only federal taxes but also taxation at the state and local levels.
Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well.
Federal budget deficits are increasing, but the Biden administration shows no signs of restraining its spending. This is not going to end well.
Progressives seem to believe that we improve healthcare outcomes by spending more. This is a recipe for failure.
America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.
The global economy is entering a recession because recent unprecedented government spending has zombified hugely indebted economies and has crowded out the private sector.
Following the attack on Paul Pelosi, the Capitol Police office has demanded a big budget increase. This is not to increase safety but rather to increase the agency's bureaucratic reach.
Massachusetts voters approved yet another tax hike for high-income residents, while California voters rejected a similar proposition. The current tax fever does not bode well for economic growth.
America's military technocrats (a.k.a. "generals") specialize in losing wars and also losing your money. Naturally, Congress wants to give them even more taxpayer cash.
Spain's government is attempting to levy a wealth tax ostensibly to be "in solidarity with the poor." Because wealth taxes ultimately help lower real wages, there will be more poor people to share in the "solidarity."
