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The Laffer Curve Strikes Again: Lower Tax Rates, More Revenue

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the staff of the Ridgewood blog

Quick history lesson:

Ridgewood NJ, When the founders of the Committee to Unleash Prosperity (Laffer, Kudlow, Forbes, and Moore) advised Donald Trump back in 2016 on tax reform, we recommended a 20% corporate tax rate, because the U.S. rate of 40% (when including state taxes) was the highest in the world. This incentivized capital to flow out of the U.S. to leverage lower tax rates in Europe and Asia.

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