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Ireland’s Supply-side Tax-Cutting Success Story

Your CTUP co-founders are in today’s Wall Street Journal:

Ireland, whose economy grew by 12.5% last year—faster than any other European nation—is one of the greatest tax-cutting success stories of modern times. The Journal recently reported that Ireland is “swimming in money.” It’s a vivid example of the Laffer Curve, which shows that lower tax rates can result in faster growth and higher revenue.”

Even the most optimistic architects of this low flat rate couldn’t have imagined the economic recovery it would launch. The American Chamber of Commerce Ireland reports that the number of U.S. multinational companies operating in Ireland now stands at about 950, with 209,000 employees. Only five million people live in Ireland. This is the equivalent of a U.S. policy creating 10 million jobs.

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