Art Laffer drew a curve on a napkin in 1974 that he said proved that tax cuts would pay for themselves. This is sometimes right, and sometimes wrong – and it’s a mistake to just assume the answer without looking at the evidence. This article, written to accompany the first episode of Untaxing, looks at […]| Tax Policy Associates Ltd
It’s often claimed that tax cuts will “pay for themselves”. There’s good reason to believe that some historic tax cuts have done precisely this – what does that tell us about proposals for tax cuts today? And what does history tell us about the potential to increase revenues by raising tax on the highest earners? […]| Tax Policy Associates Ltd
Governor Kehoe recently announced that Missouri expects a $1 billion shortfall in general revenue in FY 2027. This shortfall is expected mostly because of the implementation of previously passed tax cuts. COVID-related savings temporarily masked the shortfall, and this budget gap has grown as state legislators continued to approve additional tax cuts. The recently passed federal budget cuts will magnify this gap. Over the past five years, extraordinary federal funds designed to address the he...| Missouri Budget Project
The Trump megabill hands the richest 1% a trillion-dollar windfall while gutting funding for health care, education, and disaster relief — leaving communities to pick up the pieces. State and local leaders must step up, tax the wealthiest fairly, and safeguard the essentials that keep America healthy, educated, and safe.| ITEP
A trip is on the horizon. A familiar ritual for millions in India would be to open a travel website, enter a string of city names, and start tracking a list of flight prices. Most fares are high beyond explanation, with any reasonable option being a red-eye flight, leaving the consumer disheartened. India is the […] The post Why can Flying Abroad be Cheaper than Flying Domestic? appeared first on Spontaneous Order.| Spontaneous Order
July 4 the President signed the One Big Beautiful Bill Act (OBBBA) into law. Here's what you need to know & how you can start planning ahead.| LSL CPAs
The House passed Senate Republicans’ version of the reconciliation package on Thursday...| TPM – Talking Points Memo
