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?