Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. If you look at the economic metrics over the last decade for both groups,… — Arthur Laffer Copy Share Image
There are 11 states in the United States that in the last 50 years instituted an income tax. So I looked at each of those 11 states over the last 50 years, and I took their current economic metrics and… — Arthur Laffer Copy Share Image
You want to prove that Milton Friedman is a fascist? It's easy. Quote him. — Arthur Laffer Copy Share Image
You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States. — Arthur Laffer Copy Share Image
We are having the single worst recovery the U.S. has had since the Great Depression. I don't care how you measure it. The East… — Arthur Laffer Copy Share Image
The tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government… — Arthur Laffer Copy Share Image
The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over this period. — Arthur Laffer Copy Share Image
It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be… — Arthur Laffer Copy Share Image
The trade deficit is the capital surplus and don't ever think of having a capital surplus as being a bad thing for our country. — Arthur Laffer Copy Share Image
People can also change the timing of when they earn and receive their income in response to government policies. — Arthur Laffer Copy Share Image
It is not true that Congress spends money like a drunken sailor. Drunken sailors spend their own money. Congress spends our money. — Arthur Laffer Copy Share Image
I mean, everyone agrees with stress tests for banks. I mean that's clear. But banks should do that on their own. And they should… — Arthur Laffer Copy Share Image
And just remember, every dollar we spend on outsourcing is spent on U.S. goods or invested back in the U.S. market. That's accounting. — Arthur Laffer Copy Share Image
