The Onslaught From the Left
The Onslaught From the Left
Wednesday, October 31st, 2007
Published by Laffer Associates
October 2007 – April 2008
This four-part series defends and defines supply-side principles by answering their critics on issues of tax policy, trade policy, and the supply-side record. Written by Dr. Laffer and others, these four pieces are together a concise statement of supply-side principles and their impact on the American economy.
Part 1: Fact vs Fiction
Arthur B. Laffer, PhD
This first paper responds to an article in The New Republic by Jonathan Chait. In his rebuttal, Dr. Laffer argues against the typical redistributionist’s case for raising taxes on the rich and explains why the best approach is not to make the rich poorer, but to make the poor richer.
Part 2: Presidential Politics
Arthur B. Laffer, PhD and Ford M. Scudder
Using logic, economics, and history as a guide, this paper explains why proposed policies from the presidential campaign trail would lead to revenues short of expectations, a prolonged economic downturn, a reduction in the value of U.S. assets, a weaker dollar, decreased U.S. competitiveness, and a fiscal catastrophe.
Part 3: The Capital Gains Tax
Arthur B. Laffer, PhD and Stephen Moore
This third paper in the series looks at the positive result of the 2003 capital gains tax rate cut and argues against an increase in the capital gains tax rate.
Part 4: Why Free Trade, Immigration and Globalization Are Good
Arthur B. Laffer, PhD, Marc A. Miles and Wayne Winegarden, PhD
In the face of protectionist policy proposals and arguments against free trade agreements and globalization, this fourth and final paper in the series argues that freer flow of products and people between countries increases overall economic efficiency, increases overall consumer choice, decreases consumer prices, decreases production costs, and enables faster economic growth.
At the Texas Public Policy Foundation: © Copyright 2011 The Laffer Center