Art Laffer: This is the single most obnoxious tax on the planet

[@bobfeller604]

I hate big government and high taxes. This country is for people who want to achieve something, not collect welfare.

[@hotchihuahua1546]

🎯

[@bevstars6676]

How in the heck did government ever get that big.

[@headspaceandtiming2114]

@@bevstars6676we voted for it. We own this. Time to take it back.

[@Summerslake]

@@bevstars6676 FACT: Joe's added five-percent 5% more federal employees. More votes for inept Joe.

[@stevestanley6090]

Amen Brother!!!! Lazy, lazy, lazy spoiled chumps …….. of all ages!! Trump 2024!!!!!!

[@robinclark9805]

FJB and his taxes,let him and his family pay on their taxes 😮😮😮😮

[@georgewilson9121]

the commies have been after the family farm since roosevelt a young kid simply can not purchase 200 acres for a farm , with the communist party family farms , gone !

[@GraceAldridge-n9t]

Tell Hunter to pay his taxes

[@RetrieverTrainingAlone]

What about trying to buy votes via cancelling student debt which potentially would cost taxpayers $1.5 TRILLION!

[@tristenklein5940]

Initial cost now add the increase of inflation rates after printing the $1.5 Trillion it’s going to be another double tax on the working class! The working class will be wiped out if we get another 4 years of this nonsense!

[@ElyceStarks]

⁴ tee see❤❤😂1

[@ElyceStarks]

1

[@rowyourboat5361]

Trump INCREASED our national debt by 8.5 TRILLION DOLLARS because he gave the ultra wealthy a huge tax cut. Biden has already lowered our national debt by over 1 trillion dollars.

[@lloydkinnear6649]

Although what you have reported is factual & correct; you're speaking well above the economic comprehension of 95% of America. And 100% of Democrats need to watch more Sesame Street just to count to 10. FJB, Yellen, & Powell.

[@dogshmog]

I am terrified by the fact that our government is bankrupting our future. 35 trillion is an unimaginably enormous amount of money, and for WHAT!??!

[@markeh1971]

Worse they have no plan on paying it down. Take care M.

[@davidbell1619]

We owe the Goverment NOTHING. we are not spending this! This being spent by irresponsible politicos. THEY OWE US!

[@jackblack3886]

"Biden can't tie his shoes or chew gum". I started to laugh then thought that it's a sad reality.

[@CharlesCurran-m9p]

You can tell that these guys make sense just by the way the left attacks them.

[@cueoneful]

BRIBEMNOMICS.......FJB...!!

[@gerardramirez6320]

Like it! Hate it lol FJB!!!!!

[@stevestanley6090]

Normal people make$ 400,000 annually? Uh…… I feel like I missed something

[@andrewquinn6634]

Lol...me2

[@Cj-qt2ls]

They added an extra zero

[@hunterjones9822]

Whatever the tax rate is it's NEVER enough for our out of control Federal Government. Even when they get to 100% they'll figure out how to squeeze a few more pennies out of you.

[@philiphorner31]

If taxes are raised they just spend more.

[@johndeluna774]

Call the trump tax cut Maganomics!

[@arthurbrumagem3844]

His tax cuts benefited the middle class as well and took away generous tax breaks for SALT deductions in high tax states for the wealthy

[@tristenklein5940]

Yup the tax cuts that gave us the working class our money back! 👍👍 for MAGANOMICS! It’s OUR MONEY NOT the politicians!

[@mykline1]

Tax cuts don't have to be paid for the government needs to live within its means, just like the everyday citizen does.

[@mtc-j9i]

lol more taxes … and who has the money to pay them? 😂😂😂 ah. The middle class. I would suggest that the property tax is about just as despicable as the inheritance tax. They’d tax your breath if they could get away with it.

[@josefeibl8230]

What did you expect from reckless spending?

[@tammypritts8102]

Go Trump 🙏🏻 🎉🎉🎉

[@miketracy9256]

AS ALWAYS, IT IS NEVER THE REVENUE SIDE BUT RATHER THE SPENDING SIDE, THAT CREATES THE INSANE NATIONAL DEBT WE NOW SEE.

[@theophilus46]

in Ca lifornication, the Gov has no idea he has created a coming spurt in the homeless as a result of his added taxes everywhere you turn as well as imposing $20. min wage . In many places in Calif, . . .Fast food workers are being laid off, skeleton crews man the store, Cost of burgers , fries and a drink have tripled from not too many years ago. Family outings for the middle class are coming to a halt as Dad and Mom cant afford to even McDonalds these days. The lobbys are mostly empty. One place I went to only takes drive thru order, The outside menu speaker is now an A I computer The CA Gov is going to cause even more to leave the Golden State., including the mascot bear on the state flag...........

[@JM-kq4le]

Stop voting Neo Marxist, Eco Utopian. .then move

[@GreggWalken-xd3qv]

Sadly that ill wind blowing from the west will infect the rest of the country

[@tristenklein5940]

CA has completely destroyed the working class and small businesses!

[@Cj-qt2ls]

Leaving instead of fighting back they might get the wildland projects complete by 2030 if we all give up

[@alfonsecoppola5938]

doubling the standard deduction was huge for a tremendous amount of americans,and joe as usual is lying.get rid of trump tax cuts everybody get a tax increase

[@robertewalt7789]

Also the higher standard deduction means far fewer itemized deductions for IRS to audit.

[@debbiemerritt6707]

The drill baby drill helped the boom!

[@I_amFrankEinstein]

Taxing labor. The people are tired.

[@annmarieslavick356]

I love these guys, Moore and Laffer they are the best! Of course I am an econ, policy and finance geek!!!! I can't get enough of them.

[@adamspeaking373]

No flat tax…. NO INCOME TAX, period.

[@escaped1534]

That's right. The only non-enslaving tax (and far more collectible) is a national sales tax. It's a consumption tax, so the "greenies" should love it, but they don't because they lose control.

[@adamspeaking373]

@@escaped1534 __ I’m sorry, I shouldn’t have used “income.” I should have said, NO TAXES, period. 😉

[@Cj-qt2ls]

No property taxes but definitely no taxes and justice to the government mafia criminals

[@robertheinkel6225]

How do you propose we pay for roads, military, infrastructure, hospitals and police?

[@benproffitt5957]

Some tax fine. Overbearing tax just because government says so and waste trillions on crazy crap, well they can shove that stuff where the sun don’t shine. Between property tax, vehicle tax, taxes and multiple surcharges on utilities, sales tax, payroll tax you’re basically working just to pay taxes! It’s gotten uncontrollably ridiculous.

[@HoTrEtArDeDcHiXx]

Most obnoxious tax planet 👽

[@charlesulmer5990]

The debt is growing exponentially which means doubling time cuts in half each time the debt it self doubles. This is on top of unfunded liabilities of over 220 trillion and growing. Do ya feel screwed yet?

[@happyappy19931]

Let’s not fix spending. No that’s too logical and requires too much effort, willpower and character.

[@thomass5169]

Art Laffer is the best. He always was.

[@Summerslake]

Great personality & as sharp as a tack. He'll be 84 in August too.

[@L.Scott_Music]

What Trump does with the tax code is entirely dependent on what happens down ticket and the balance of Congress.

[@SoobeAz22]

Flat tax on consumption not income

[@escaped1534]

Thats called a "national sales tax" and is the most fair, collectable (business collect at a 90+ percent rate while income is collected at a 64 percent rate), tax and citizens are not required to to anything/file taxes...

[@mtglox]

Their 1913 "Federal income tax?"

[@escaped1534]

The income tax is from 1915, the Federal Reserve PRIVATE BANK wouldn't work (for the international banking cartel) without it. See bit chute 'Europa: The Last War!'

[@debbiemerritt6707]

No no no no dont raise taxes.

[@dennishungerford4146]

Shows how important R party needed in Senate & House Majority Leadership!

[@stanislausklim7794]

He should interview the guy who crested that laffer curve 😆.

[@JM-kq4le]

What happened in Aug of 1971 that made this possible? What happened in 1913 that made the latter possible?

[@lv4077]

1913 the federal reserve 1971 Nixon took the US off of the gold standard Now MMT,which is a euphemistic term for spending and printing money as fast as possible

[@escaped1534]

​@@lv4077Unfortunately, Nixon was forced off the gold standard because France and other countries were draining Fort Knox. At that time, people anywhere in the world (except the US) could take their dollars and demand gold at their local banks. In fact, de' Gaulle was constantly telling the world to do it, because of Johnson's "war and welfare" policies...

[@lv4077]

@@escaped1534 You must be kidding,someone who knows history,aren’t you outlawed by now

[@escaped1534]

@@lv4077 They want to... Dumb and plyable is how they want the people!

[@lv4077]

@@escaped1534 from what I’ve seen of the American electric it’s working

[@robertheilmanjr3826]

We heard that before. Everything effects the little guy.

[@tomfuller4205]

Need to abolish the income tax in all forms and cut spending by at least 75% and reduce government size the same percentage.

[@keithfaulkner6319]

How come no one seems to understand that pres Trump can't just wave his wand and make a tax code happen???? It takes ( gasp ) CONGRESS!!!!!!

[@Stephen-fe8bq]

So, if the government lowers taxes, then they get more money 💰 Then why not lower taxes? 🤪

[@101Moses]

Because it's not a winning message for the Democrats, it would require them to admit they were wrong and they aren't going to do that instead they just double-down.

[@bajaskier]

Because it makes sense. When did the government ever do anything that made sense?

[@Stephen-fe8bq]

@@bajaskier Yeah! That's right ✅️ 😉😂🤣

[@101Moses]

So my reply gotten hidden, is Fox News covering for the Democrats? or did KZbin hide it? I had replied that the Democrats aren't going to do that because it would require them to admit they were wrong.

[@101Moses]

Someone is censoring my posts so I'll post it again...Democrats will not admit they are wrong

[@westmassdave7354]

Debt is the wealthys problem. We live in the street. Wealthy people are screwed. I’m done paying fking taxes.

[@moxnix662]

Tax rates are irrelevant. All of us will pay whatever the government spends -- by way of taxes AND inflation. The only way to reduce the burden on all of us is to reduce government spending. Yesterday, Donald Trump suggested doing away with the Department of Education. A good way to start reducing the burden.

[@donyother7329]

Let's try something different. FAIRTAX!

[@jrose-xp6tf]

The emperor has NO clothes.

[@russrader166]

Biden can eat ice cream !!! Choclate!! And it runs down his leg!!!

[@dcpack]

My taxes the last two years have gone up dramatically so are we sure the tax "cuts" haven't already expired?

[@tylerfthornton]

Does my tax money that I pay for go to Eli illegal immigrants so they can live a decent life when I can barely live it myself

[@raydenegifford8405]

Facbook won't let me share this. It violates their standards.

[@carefulconsumer8682]

Doubling the standard deduction is excellent.

[@scrappydoo9]

I think the US should just go to a simple transaction tax. Small, simple, immediate collection no April 15

[@chadwildeboer1574]

Abolish the 16th amendment the county wasn't founded on it...every state that didn't ratify the 16th amendment doesn't have state taxes..

[@kkampy4052]

That's what I do, when I don't have enough money to pay my bills, I go out and get a better job that pays more. Pretty soon I'll be the CEO of a large company and after that....

[@ConservativeGrl2024]

I don't know about ya'll. But I am so over our gov. All of the politicians got rich off the backs of the American People. I'm tired of going broke while they all get rich.

[@Cj-qt2ls]

Because they are scammers, corrupt criminals and it's not a government it's a mafia and not a big brother but a big bully

[@TonawandaSlim]

Art Laffer, the architect of trickle down economics. Lets listen to him again.

[@donaldcornwell1151]

it worked the first time quite well

[@FosterTravis1071]

Let's not.

[@vinrod34]

Wrong again!! Learn real history and economics.

[@mikeseigle5560]

Cutting taxes on the poor puts more money in circulation, and revives the economy. Cutting taxes on the middle class reduces consumer debt. Cutting taxes on the investor class supports business and employment expansion.

[@ingridbennett7672]

Flat tax . Way to go

[@bettymurney723]

DEMOCRATS WON'T ALLOW THIS COMMEN SENSE TAX POLICY!!🤑🤑🤑🤑🤑😠😠😠😠😠😠

[@onlywenilaugh6589]

Old Art hasn't gotten it right since the great debacle he had on the 2008 great recession. I don't take hold of much he has to say after that.

[@LT-cp4qs]

Oh like the Rain Tax…

[@charlespiper9291]

Joe needs his 10 percent

[@barryhessel6078]

Isn't making over $100,000 a year rich?

[@Tiredgrandpa]

10% Flat Tax

[@allen-gt5ng]

Only fair tax is sales tax nothing else

[@jrose-xp6tf]

Yes, on NEW goods...ONCE.

[@garyfrancis6193]

Well that’s what you get for buying a cheap $350 million pier at Walmart. We have a $399 million model we can let you have for only $359 million but act now they’re going fast. Packing and shipping $200 million not included.

[@Richard-qz8up]

Spain increased their sales tax to 21% after the financial crisis and included new houses to be subject to the sales tax. Overnight, they killed the new home construction industry, leaving many new construction projects abandoned in various stages of the build. They also caused a whole underground economy to emerge with zero taxes paid. Their famous shoe industry collapsed. The end result was less tax revenue and more unemployed people on welfare. The Laffer curve was brilliantly demonstrated as well as the end result of socialism... it works right up to the point where you run out of "other" people's money. If it weren't for tourism and women scamming foreign men, the country would be bankrupt. When you visit for vacation, you're not a tourist. You're their prey to be pickpocketed/ fined/ scammed/ robbed as well as overcharged for anything because you're an American. You've been warned...

[@carlcauble733]

Opinion, what is tax and exactly and what does it do. Think about we are slaves to the government, frevouls spending. Taxes should be cut by 80 percent give it back to the front line worker and stop over charging them. Like Elon lay off half the those in DC I doubt we would miss a lick

[@carolmitchell49]

Why not make these 5 min. segments a lot longer and put more meet on the bone. Don't you think something as important as taxes deserves a more in depth approach? Of course it does! Here we have have two top tax experts and miss the opportunity to really educate people. A missed opportunity! This is Fox News light!

[@Mark-u5u6x]

Didn't Trump increase the debt during the good economy, prior to COVID?

[@adamramsey5787]

I don't believe that Trump's tariffs have been repealed. I am not an economist. Maybe, we could go for another round of tariffs.

[@mike-oh8if]

Did this guy just say normal people that make under 400 KA year. Normal people in my world make under a 100k

[@dirtworshiper2800]

We all know joe won’t pay anymore when the new code comes up. Thanks joe. For nothing. Keep printing baby.

[@thomasshoff6512]

Bob Casey is now grasping at straws for supporting Biden. We need leadership, Mr McCormick!

[@speedskater1947]

I'm a retired Blue Collar worker and the Inheritance tax in my mind is theft of anyones net income, a net income that you can spend on anything you want and is only subject to local and State Sales Taxes. The individuals the past that legislation should be thrown in prison as thieves.

[@Samael-Metzger]

This is nonsense Right Wing propaganda taking advantage of an audience who is completely ignorant about modern economic theory nor how a fiat currency economy works.

[@DrDangerPuppy]

I've never built a pier. My estimate of the cost is about 100K. Interview someone that builds piers.

[@imjusthereforthecomments4920]

Since when did Ukraine, Hamas and Israel start paying taxes? The billions they get go on our balance sheet.

[@danielhixson3717]

15%, state and federal combined. It needs to 'bricked in' as a maximum by making it an amendment to the Constitution.

[@am77734]

Flate on the rich...over 200K! 20% on low income even lower middle income will be horrible!!!

[@paulorr9262]

David, it has to start in the HOT. Duh

[@tylerfthornton]

I pay taxes on everything already. Why does the federal government need more taxes? I don’t get nothing out of it.

[@-nathanallen3974]

Google infowars you dont have a ve to pay income tax

[@noneshere]

From 1776 to 1913 Americans never paid any federal income tax. Taxes were apportioned tariffs . Everyone who wanted the goods paid the same amount of tax at the moment of purchase.

[@tonyk501]

Wrong. The most "obnoxious" taxes are all in Canada.

[@misonoresoconto]

Arthur Laffer is so correct about the horrors & evil of the estate tax.

[@jdm839]

Asman stop talking over experts

[@jefferyhetrick4909]

Talking all over each other, hard to follow.

[@kitcat4512]

UK, supermarket prices double, treble while choice of goods is very much reduced. Start producing Nationally, scupper carbon credits.

[@philsnydernet]

Bitcoin fixes this!

[@sandan4321]

pathetic and sad ............

[@alz-l3y]

Spending us into oblivion

[@LarsGalbraith]

Everybody is going to go with cash, and they will stop paying income tax only because I cannot afford it

[@dmark6699]

How much is enough?

[@andrewquinn6634]

20% is much too high

[@DrDangerPuppy]

It will be VAT.

[@genarasaritacotrera7011]

Congelado ynpueto

[@fairtaxjohnny]

What lapel pin is David wearing?

[@debbiemerritt6707]

No. No. No. No

[@scottminnich6987]

Flat tax is a good idea past time to install it. What rate works? 15, 17 or 20%

[@scottweisel3640]

5%. No American should pay more than 20% of they make in taxes and the majority of them should stay at home. 10% local, 5% State, and 5% federal. Power would follow the money which means the Federal government would shrink in size and influence. 5% off all taxpayers money is still more than sufficient for a federal government that limits itself to its constitutional role.

[@scottminnich6987]

@@scottweisel3640 agreed with you on this one!

[@Cj-qt2ls]

Voluntary all taxes should be voluntary

[@genarasaritacotrera7011]

.no law paso.

[@populustremula7496]

And then one of the most respected name in the history of American finance, Warren Buffet, says that if we correctly tax the wealthiest 800 corporations in America NO ONE in the country would need to pay any more income tax! Parse that one you tools of the corporations that pay you to help keep them from paying their fair share of taxes. And, no, taxing them correctly or like Warren suggests isn’t going to make them dry up and blow away. That’s how exceedingly greedy they are!

[@noneshere]

Why should felons pay taxes if government isn't protecting their rights anymore ?

[@gm-zz8so]

Huh?

[@GreggWalken-xd3qv]

Felons should pay more since the people have to babysit them.

[@awakentruth1116]

Hunter Biden approves of this message

[@PG-lz5tw]

It sucks, but raising taxes and rates while painful isn’t a bad thing. The debt needs to be paid down and there is too much inflation. Also the budget needs to be balanced at the very least.

[@bevstars6676]

They need to stop giving money away to all of the other countries and all the ppl that have invaded this country