The definitive history of the effect of the income tax on the economy.Ever since 1913, when the United States first imposed the income tax via constitutional amendment, the top rate of that tax has determined the fate of the American economy. When the top rate has been high, as in the late 1910s, the 1930s, 1940s, 1950s, and 1970s, the response of those with money and capital has been to curtail real economic activity in favor of protecting assets and income stream...

In this vital economic roadmap, economist Arthur Laffe and journalist Stephen Moore lay out the essential components of a healthy economy: lower government spending, debt reduction, and the return of the investor class.With the economy flat on its back, unemployment at a twenty-five-year high, and the housing default crisis still worsening, is it even possible to turn our financial problems around? Economic icon Arthur B. Laffer and journalist Stephen Moore believe...

Prosperity Through Growth is a primer for reviving the UK economy, co-authored by some of our finest economic minds: celebrated US economist Dr Arthur B. Laffer, inventor of the Laffer curve; policy campaigner Matthew Elliott; businessman Michael Hintze; and founder of the Centre for Economics and Business Research Douglas McWilliams.It begins by setting out the principles of ideal economic policy – the 'North Star' of prosperity through growth – and applies them to the UK...

In late August 2023, President Donald Trump contacted us to meet with him. It was déjà vu for the two of us, as it reminded us of our first meeting with Trump back in early 2016—the first time he ran for the White House. Trump was proclaiming that we could get to 5 percent growth with the right set of pro-business policy ideas. We were ecstatic that finally someone was frontally assaulting the tyranny of low expectations that sold America short.When we met with Trump at his office ...

Arthur Laffer -- the father of supply-side economics and a member of President Reagan's Economic Policy Advisory Board -- joins economist Stephen Moore of The Wall Street Journal editorial board and investment advisor Peter J. Tanous to send Americans an urgent message: We risk losing the exceptional standard of living that has made us the envy of the rest of the world if the pro-growth policies of the last twenty-five years are reversed by a new president.

Conservative economists offer a well-informed defense of Trump's approach to trade, taxes, employment, infrastructure, and other economic policies.Donald Trump promised the American people a transformative change in economic policy after eight years of stagnation under Obama. But he didn't adopt a conventional left or right economic agenda. His is a new economic populism that combines some conventional Republican ideas—tax cuts, deregulation, more power to the state...

When Ronald Reagan took office, he was facing an economic downturn similar to the one our country is currently experiencing. Key members of Reagan’s staff prepared an Initial Actions Project, which takes every branch of government, including Congress, into consideration, and offers a clear and concise blueprint of how Reagan’s economic policies were achieved. As a model for President Obama, who is dealing with the daunting demands of a nation in turmoil, the significance o...

Children are economists, it’s time to chat about it!Economics is the study of choices people make to be happy. Kids do this each day when they decide which shirt to wear, which TV show to watch or what to eat for lunch. In making these choices, they are using the economic principles of scarcity, supply, demand, opportunity costs and diminishing returns. Now is the perfect time to chat with your child about economics and prominent economist Dr. Arthur Laffer shows you how to get sta...

California is at a tipping point. Severe budget deficits, unsustainable pension costs, heavy taxes, cumbersome regulation, struggling cities, and distressed public schools are but a few of the challenges that policymakers must address for the state to remain a beacon of business innovation and economic opportunity. City Journal has for years been cataloging the political and economic issues of our nation's largest metropolitan areas, and in this collection compiled and introduced by City J...

It’s Memorial Day weekend when Danny and Maria move to a new town with a giant treehouse. The children spend long summer days with their new friends in the community park but are challenged to find a fair way for everyone to enjoy the treehouse. With a little guidance from Mrs. Quinn, the ever-present park volunteer, Danny, Maria and their friends explore monarchy, anarchy, dictatorship and communism only to find that these options lack freedom and choice. Through their own experiences the...

The definitive history of the effect of the income tax on the economy.Ever since 1913, when the United States first imposed the income tax via constitutional amendment, the top rate of that tax has determined the fate of the American economy. When the top rate has been high, as in the late 1910s, the 1930s, 1940s, 1950s, and 1970s, the response of those with money and capital has been to curtail real economic activity in favor of protecting assets and income stream...

Donald Trump promised the American people a transformative change in economic policy after eight years of stagnation under Obama. But he didn’t adopt a conventional left or right economic agenda. His is a new economic populism that combines some conventional Republican ideas–tax cuts, deregulation, more power to the states–with more traditional Democratic issues such as trade protectionism and infrastructure spending. It also mixes in important populist issues such as immigration reform, p...