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The Laffer Curve: Past, Present, and Future
Laffer wrote:
Laffer wrote:
* Because tax cuts create an [[incentive]] to increase output, [[employment]], and [[production]], they also help [[balance the budget]] by reducing means-tested [[government expenditures]]. A faster-growing economy means lower [[unemployment]] and higher [[income]]s, resulting in reduced [[unemployment benefits]] and other social [[welfare programs]]. [http://www.heritage.org/Research/Reports/2004/06/The-Laffer-Curve-Past-Present-and-Future]
* Because tax cuts create an [[incentive]] to increase output, [[employment]], and [[production]], they also help [[balance the budget]] by reducing means-tested [[government expenditures]]. A faster-growing economy means lower [[unemployment]] and higher [[income]]s, resulting in reduced [[unemployment benefits]] and other social [[welfare programs]]. [http://www.heritage.org/Research/Reports/2004/06/The-Laffer-Curve-Past-Present-and-Future The Laffer Curve: Past, Present, and Future] - Arthur Laffer - June 1, 2004
==Notes==
<references />
See also:
See also: