Laffer Curve Explained

A video from Cato (by the self-described Geroge Clooney of the policy wonk world).

 

Not bad actually, makes the sensible points that there is a Laffer Curve, that it depends where we are on it, that different taxes have different feedback mechanisms and, yes, that it\’s very rare for a tax cut to entirely pay for itself, just as it is very rare for there to be no revenue enhancing effects at all.

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