PERRspectives: The Laffer Curve: The GOP's Favorite Fiscal Fraud Turns 40
"But Arthur Laffer's supply-side snake oil didn't produce increased revenue, but instead red ink as far as the eye can see. And that's not the only by-product of Reagan and Bush's tax cut windfalls for the wealthy: they fueled the highest levels of income inequality since 1929. And despite all of the GOP mythology about "job creators," the U.S. economy grew faster, generated more jobs and produced better income gains when taxes were higher--even much higher."
