Jon Huntsman takes another match to the bridge connecting him to the GOP

[Simfan34]

Considering the modern bridge is steel and concrete, Huntsman's match will be about as effective as his Presidential campaign.

What?

He's completely right, but not original, we all know the modern GOP is mad and really is facing an indefinite period of unelectability.

[Simfan34]

Nonsense.

[Simfan34]

How is the GOP more Communistic than the Democratic party? The GOP supports free markets and economic freedom, the Democrats support corrupt unions and affirmative action.

That's not what he's talking about.

[Simfan34]

Huntsman is so brave.

http://www.dailykos.com/story/2012/03/02/1070070/-The-Myths-That-Are-Killing-Us

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The Laffer curve is quite real, but it doesn't say that all tax cuts increase tax revenue.  The JFK tax cuts (from a top rate of 91% to 70%, bottom rate of 20% to 14%) and the first set of Reagan tax cuts (70% to 50% and 14% to 12%) were along the parts of the Laffer curve that increased tax revenue.  Since then, they've either been roughly neutral or revenue losers.

It's worth pointing out thought that in spite of the factual evidence to the contrary, many conservatives (and IIRC even Laffer himself) are arguing even today we're still operating "above" the optimum point of the curve.

As in to say taxes are still too high?