I used the so-called Laffer Curve all the time in my classes and with anyone else who would listen to me to illustrate the trade-off between tax rates and tax revenues.

The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect.

The linkage between tax rates and public services is, if not non-existent, negative.

And you can't have a prosperous economy when the government is way overspending, raising tax rates, printing too much money, over regulating and restricting free trade. It just can't be done.

I would support eliminating certain tax breaks that are not economically justifiable if they are offset with reductions in tax rates.

We need to lower marginal tax rates and increase investment.