Here's the third and final installment in the Laffer Curve video series. It explains why lawmakers need to ditch their dreadful static scoring model when it comes to the revenue-estimating process, in favor of the more accurate dynamic scoring model.
Unfortunately, Congress's revenue-estimating process is still based on the preposterous theory that changes in tax policy don't affect economic growth. Huh? In other words, the current system assumes the Laffer Curve doesn't exist. This of course leads to a bias for tax increases and against tax cuts. Hello Hill-Bama...