Another guy out of his league.
Politico reports that Reagan-era relic Art Laffer will call for a carbon tax in exchange for cuts in marginal tax rates on capital and labor.
Great idea, Art — not.
A carbon tax is junk science-based, regressive and penalizes energy use — the lifeblood of an economy.
Moreover, you can bet that as Republicans fail to control the size of government, tax rates will creep back up, plus we’ll have a carbon tax.
How about just reducing the size of government and, therefore, the need for stifling taxes?
A shame, as I’ve been a fan of Laffer for years, but this one is truly misguided. Tax the air we breath? He must be kidding. Poor old Art must be getting senile.
The old chestnut should be updated to say:
“There are Lies, Damned Lies and Economists”