David Henderson on Trumponomics, Deficits, and Immigration
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Back in October, Bob spent an hour with Stephen Moore – former president of the Club for Growth, and author of *Trumponomics.* Moore is a supply-side economist, meaning he thinks that many tax cuts pay for themselves in the long run. He and Bob talked about why the drop in the corporate income tax from 35% to 20% was good news for average Americans, and Bob asked “Why not drop it even lower?” Arthur Laffer, Moore’s co-author on Trumponomics, is famous for the Laffer curve, which counterintuitively holds that you can raise even more revenue by lowering taxes, since that creates higher growth and more incentives to produce wealth, which means a bigger tax base.
David Henderson on Trumponomics, Deficits, and Immigration
David Henderson on Trumponomics, Deficits…
David Henderson on Trumponomics, Deficits, and Immigration
Back in October, Bob spent an hour with Stephen Moore – former president of the Club for Growth, and author of *Trumponomics.* Moore is a supply-side economist, meaning he thinks that many tax cuts pay for themselves in the long run. He and Bob talked about why the drop in the corporate income tax from 35% to 20% was good news for average Americans, and Bob asked “Why not drop it even lower?” Arthur Laffer, Moore’s co-author on Trumponomics, is famous for the Laffer curve, which counterintuitively holds that you can raise even more revenue by lowering taxes, since that creates higher growth and more incentives to produce wealth, which means a bigger tax base.