White House Punts On NFL Tax Question

President Barack Obama has repeatedly advocated making the federal tax code “fairer” for Americans, but his White House is staying out of the fray when it comes to calls for the federal government to remove one super-sized tax …

Rattner Refutes Laffer

In 1974, the economist Arthur Laffer drew a protuberance on a napkin at a White House meeting “demonstrating” that the higher the tax rates are, the lower the revenues they produce. Thus, the birth of supply side economics, a theory that has been disproved dispositively over the past 40 years. The reason why the Laffer Curve is nonsense …

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