US Tax Collapse Coming?

One of the miracles of the years of former President Ronald Reagan was the boost the American economy received from tax cuts. And one of the prominent advisors to Ronald Reagan and his "kitchen cabinet" was Arthur Laffer, the developer of the Laffer Curve. This is a fairly simple graph that illustrates how tax revenue goes up when taxes are cut. This is why Arthur Laffer is so sure that the "sunset provision" of the Bush tax-cut plan will cause further havoc. Laffer rightly points out that taxes

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