Lefties sneer at the Laffer Curve. The curse it. Mostly, they dismiss it. But they never refute it.
TAX RATES GO DOWN, REVENUES GO UP
ENOUGH OF THE THEORY...
THIS IS A BIT TECHNICAL BUT HIGHLY SIGNIFICANT
I am genuinely shocked that Charles Gibson would even address the Laffer Curve concept. And according to Gibson's question, Laffer's 28% might be too high for optimum revenue procurement.
OBAMA ADDRESSES THE LAFFER CURVE
Obama dances around the topic and evens suggests that he will usher in an era of fiscal responsibility. This is politics at its worst. Listen carefully to his credit card analogy. Just when you thought your cynicism ran dry, Obama taps another well.
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