Unleash incentives by taxing energy
Thursday, June 4, 2009
The recent death of Jack Kemp allowed Americans to reflect on the power of ideas in the political marketplace. Rep. Jack Kemp, Sen. William Roth and President Reagan were the architects of lowering the top marginal income tax rate from 70 percent to 50 percent and indexing all tax rates for inflation. Those tax cuts provided enhanced incentives for work and investment and helped usher in a productivity revival that advanced living standards through the next two decades.
Subscribe below or log in with your password here.
For more than 115 years, the Southeast Missourian has written the first draft of local history. We have aspired to enrich, entertain, educate and inform. Our core values have remained firm: truth, service, quality, integrity and community. Support our mission.
Join today
Note: Special discounts available to new subscribers only. Print subscriptions may include up to 13 Premium Issues per year, which include special magazines. For each Premium Issue, your account balance will be charged an additional fee in the billing period when the section publishes. This will result in shortening the length of your billing period.