June 6, 2010

Laffer - Incentives Matter, Turns Out

When the Bush tax cuts expire at the end of this year (it is not in Obama's DNA to extend them) the already struggling private economy "will collapse", according to Arthur Laffer. As weak as the 2010 numbers look, they are artificially strong, according to Laffer, as earners continue to declare income sooner (2010), rather than wait until tax rates jump after the first of the year.

Arthur Laffer: Tax Hikes and the 2011 Economic Collapse - WSJ.com

Posted by dan at June 6, 2010 8:15 PM