Named after a founding member of the Congressional Policy Advisory Board, this concept has a prohibitive range inside of which the economic effect outweighs the arithmetic effect.
Named after a founding member of the Congressional Policy Advisory Board, this concept has a prohibitive range inside of which the economic effect outweighs the arithmetic effect. The supporters of this concept point to the short- term impacts of the economic policies of Coolidge, Kennedy, and Reagan, while its detractors point to the long-term impacts of the same policies. Its founder has justified it by using tax revenue projections in his home state of Califor- nia, and its supporters generally argue for tax cuts. This concept was named by Jude Wanniski, who claims he first saw it at a dinner with Donald Rumsfeld and Dick Cheney drawn on a napkin. Name this graph based on the idea that no income is brought in by either a zero or one hundred percent tax rate.
Named after a founding member of the Congressional Policy Advisory Board, this concept has a prohibitive range inside of which the economic effect outweighs the arithmetic effect.
{Laffer} Curve