House GOP’s 2022 Priorities Must Include A Tax Cut Plan

Taxes

Dissatisfaction with the Biden Administration runs deep, and the GOP is expected to do well this November, thanks to inflation, sky-high gasoline prices, crime, our border crisis and—given the more dangerous world we live in—inadequate defense outlays.

But What’s Ahead argues that there’s another subject Republicans should hammer hard: taxes.

Americans are overtaxed. Recognizing this, a growing number of states are cutting income taxes, with some states putting them on a glide path to extinction.

Famed economist Arthur Laffer—key architect of President Reagan’s successful 1980s tax reductions—and his team made a detailed study of the relative performance of states that had enacted income taxes since 1961. By every meaningful metric, every single one declined.

Articles You May Like

We reiterate our 1 rating on Microsoft despite its softer guidance — here’s why
Chinese IPOs in the U.S. and Hong Kong are set to increase next year, analysts say
Here’s what to know before Comcast reports third-quarter earnings
Apple stuck it to the naysayers with better-than-feared financials, emerging iPhone 16 demand
How To Find Out How Much You Will Get From Social Security

Leave a Reply

Your email address will not be published. Required fields are marked *