Trump's Tax Plan Is A Laffer

Long before it mastered the mass production of “fake news,” the Republican Party propagated its Ur-lie that “tax cuts pay for themselves.” Almost from the moment that Arthur Laffer first sketched his now-famous curve on a napkin in 1974, right-wing pundits, politicians, and propagandists have declared as an article of faith the belief that tax cuts incentivize so much economic growth that revenues to Uncle Sam will be at least as high as they would have been without the reduction in rates. Unfortunately for the American people, four decades of supply-side snake oil have produced only mushrooming national debt and record-high income inequality.

BING NEWS:
  • LARRY KUDLOW: Biden's plan to fix the economy is to spend more, tax more and regulate more
    Meanwhile, Biden has increased regulatory costs by $1.4 trillion, which is strangling small business, and, by the way, is killing electricity and other sources of power necessary to underpin economic ...
    04/25/2024 - 11:37 am | View Link
  • Biden doubles down on tax hikes and regulations
    Steve Forbes and John Carney react to President Biden attacking former President Trump's tax cuts and how Americans are paying more under Biden on 'Kudlow.' ...
    04/24/2024 - 3:38 pm | View Link
  • Trump’s Unfounded ‘Colossal’ Tax Hike Warning
    On the day of the tax filing deadline, former President Donald Trump went on Truth Social to misleadingly warn that if President Joe Biden is reelected, "you will soon be facing colossal tax HIKES." ...
    04/18/2024 - 10:01 am | View Link
  • Exclusive: Donald Trump mulls middle-class tax cut as he eyes return to office
    U.S. Republican presidential candidate Donald Trump has indicated to advisers he is keen on a new middle-class tax cut should he return to the White House, two people familiar with the discussions ...
    04/17/2024 - 2:56 pm | View Link
  • Opponents of tax increases in Pillen property tax plan put pressure on Nebraska lawmakers
    Opponents of the tax increases in Gov. Jim Pillen's property tax proposal are ratcheting up pressure on Nebraska lawmakers to kill the plan.
    04/16/2024 - 12:00 pm | View Link
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