Word: taxed
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...Certainly Huckabee faces many hurdles. He personally intervened to let a convicted murderer and rapist, Wayne DuMond, out of jail, only for DuMond to commit rape and murder again. He has also been heavily criticized by groups like the Club for Growth for an extreme number of tax increases as governor. Finally, he has nearly no foreign policy experience, and his vague statements on Iraq coupled with his ignorance regarding the recent National Intelligence Estimate on Iran’s nuclear program only bolster this criticism. Despite these shortcomings, I believe Huckabee will win the Republican nomination, if only because...
...behind. Empty shop windows, Levittowns, and boarded-up apartment buildings tell the story. According to William L. Fox, the author of the first essay appearing in the afterword, the inner city is ruinous and local businesses are disappearing as a direct consequence of the spread of suburbia. As the tax base rushes to new localities in the hope of peace and quiet, they leave no incentive for investment in the core of the city. As America has slowly “[shifted] from a nation of citizens to a nation of consumers,” it follows that corporations such...
...things work out? Laffer is convinced that the reduction of the top tax rate from 70% to 28% during the Reagan years paid for itself--in part by encouraging the rich to stop finagling--and the evidence mostly backs him up. "You find these enormous responses in the upper brackets," Laffer says. "These guys fire their lawyers and accountants and actually pay their taxes. Yay! Isn't that what we want them...
...Reagan's tax cuts for the nonrich were big money losers, and it took the fiscal discipline of Bill Clinton to mop up the resulting red ink. Laffer gushes with praise for Clinton, but he's also a fan of Clinton's successor. "What Clinton did was, he gave Bush the fiscal flexibility to do what was right," Laffer says. In the face of the recession and terrorist attacks of 2001, Bush "needed to stimulate the economy and spend for defense, and Clinton gave him the ability to do that...
...other words, the Bush tax cuts were meant to create big deficits. But Laffer's O.K. with that. "The Laffer Curve should not be the reason you raise or lower taxes," he says. Perhaps not, but it does make for great campaign promises...