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.
Aren’t they just lucky to be making this in an economy where they can be sure they are in the AB segment rather than the BC segment …