
Laffer leaves CA and higher taxes behind
Sign of the Times: Arthur Laffer Reverses Jed Clampett’s Trek
California legislators were slapping themselves on the back last week for having passed a $35 billion infrastructure bond measure that will go before the voters in November. Predictions filled the air that all the building would spur job creation. Aides to Governor Arnold Schwarzenegger say his success in pushing the bond package may help seal his re-election this year.
But one of the 16 members of Mr. Schwarzenegger’s council of economic advisers isn’t nearly as optimistic. Supply-side economist Arthur Laffer says the biggest threat to the national economy — which… Read More