The Laffer Curve Revisted (yes it still works)

From Stephen Moore in The Wall Street Journal:

The theory is really one of the simplest concepts in economics. Yet its logic continues to elude the class-warfare lobby whose disbelief is unburdened by the multiple real-life examples which validate its conclusions. The idea is that lowering the tax rate on production, work, investment, and risk-taking will spur more of these activities and thereby will often lead to more tax revenue collections for the government rather than less.

The article cites both the Reagan and recent Bush tax rate cuts.
Read the whole article here.