New Laffer Curve Paper Shows Why Obama's Proposed Higher Tax Rates Are so Misguided

The Center for Freedom and Prosperity just released a paper analyzing the Laffer Curve.

The central lesson is that tax increases do raise more revenue in most cases, but at a very high cost in terms of economic growth. However, the tax increases proposed by the Obama Admininstration - based on class-warfare ideology - are especially destructive and may actually lose revenue if taxable income falls enough to offset the impact of the higher tax rate.

The three-part video series on the Laffer Curve can be seen here.