Arthur Laffer: Why would Congress limit the deductibility of 401(k) contributions or add a 4th tax bracket?
On Real Clear Markets, Allan Golombek explains what Astros v. Dodgers can teach us about economic growth.
At the New York Times, Stephanie Kelton, a former chief economist of the Senate Banking Committee Democratic staff, calls Chair Yellen a “principled populist” and strongly implies a desire for higher inflation.
On Thursday, the Senate will hold a key budget vote that could determine the fate of the Trump tax cut. Cutting anti-growth taxes is a core tenet of the Republican Party’s economic message, so this shouldn’t be taking so long and shouldn’t be so hard to get done. Unlike ObamaCare repeal votes, tax cuts are very popular with voters. A recent Tarrance poll finds that a majority of Americans believe that a tax cut would be good for the economy. Republicans are winning the case with voters that a big tax cut for businesses and families means jobs and growth.
President Trump praises the Committee’s own Steve Moore: “We’ve been working long and hard together.”
At Forbes.com, Brian Domitrovic says the attention and Nobel Prizes for ‘behavioral economics’ was meant by the economics profession to distract attention from the success of Supply-Economics and the failure of Keynesianism.