Source: The American Prospect
by Whitney Curry Wimbish
“Late last year, the godfather of supply-side economics dropped in on a Georgia state Senate special committee hearing. He spoke of the urgent need to dump their income tax, a ‘killer, killer, killer,’ akin to ‘a nuclear weapon,’ that has destroyed the 11 states that have instituted it as of 1960: Connecticut, Illinois, Indiana, Maine, Michigan, Nebraska, New Jersey, Ohio, Pennsylvania, Rhode Island, and West Virginia. ‘Each and every one of those states in population has had a cataclysmic decline relative to the rest of the nation. It’s just amazing,’ said Arthur Laffer, inventor of the ‘Laffer curve,’ the discredited [sic] theory [sic] that claims lowering taxes raises tax revenue.” [editor’s note: The Laffer Curve is neither “discredited” nor a “theory.” It’s an observation of fact — the fact that there’s a point when increased tax rates decrease, and decreased tax rates increase, tax revenues – TLK] (04/08/26)
https://prospect.org/2026/04/08/apr-2026-magazine-live-tax-free-and-die/