10 September 2020 With Labour Day celebrations marking the unofficial end of summer, the US electoral race now will enter its final (and likely most brutal) phase. We do not need President Clinton's 1992 campaign strategist James Carville, who famously coined the phrase "it's the economy, stupid", to remind us of the role the economy [...]
Tag: tcja
US Tax Reform: Panacea or a Risk too Far?
2 December 2017 In a swanky Washington restaurant in 1974, economist Arthur Laffer presented Dick Cheney and Donald Rumsfeld (future VP and US Secretary of Defence) a doodle on the back of a napkin. What appeared was a diagram of the now infamous “Laffer Curve”. The graph depicts the relationship between tax rates and tax [...]