Sunday, July 1, 2012

Memo to Republicans: Economists Laffer at you, not with you

Among the myriad Republican myths about taxes, the most pernicious and demonstrably false'that "tax cuts pay for themselves"'is the mostly deeply held by the GOP faithful. As President George W. Bush famously (and erroneously) put it, "You cut taxes and the tax revenues increase." Now, a survey of leading economists conducted by the University of Chicago Booth School of Business is just the latest shovelful of evidence to bury Arthur Laffer's zombie lie.


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