When Bush tax cuts expire in 2010, Arthur Laffer predicts collapse
Posted July 21st, 2010 by Charlie KArthur Laffer is making news by predicting the U.S. economy will collapse next year when George W. Bush tax cuts expire in 2010. His theory on the Obama tax plan is depending on how the super-rich can choose when and the way they collect their income to evade taxes. Laffer seems to think the economy is doing better this year than it should because these aristocrats are collecting a lot more of their loot and spending a lot more of their money before taxes rise.
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