Laffer Finds a Tax He Likes
Dr. Art Laffer, whose famous curve has launched thousand tax cuts, has published a study favoring closure of the online sales tax “loophole.”
From the press release
“Laffer’s study suggests that passing e-fairness legislation like the Marketplace Fairness Act would create a tax system with fewer loopholes, a larger base, and lower rates for all taxpayers, which could lead to an increase in GDP of $563.2 billion and over 1.5 million jobs over the next 10 years… The Marketplace Fairness Act received a bipartisan vote in the U.S. Senate on May 6, 2013, and similar legislation is already pending in the House of Representatives with over 60 bipartisan cosponsors. Senator Roy Blunt of Missouri was a cosponsor of the bill in the Unites States Senate.” See the study here.
Originally in July 19 MOScout.