David Treitel discusses the current state of American tax reform
Tweets and !!!???!!!
‘The consequences are obvious!’ This quote and exclamation mark is not taken from a recent Trump tweet; but instead was written longhand by economist Arthur Laffer way back in 1974, on a white cloth napkin (now displayed in The National Museum of American History). Laffer’s theory was in essence that sharp cuts in tax would of themselves spur enough economic growth to generate higher amounts of tax revenue.