Laffer curve for how reductions in individual income tax rates might affect the overall future growth of the economy, and therefore influence future government tax revenues; and ultimately, impact deficits or surpluses. In the paper's most generous estimated growth scenario, only 28% of the projected lost revenue from the lower tax rate would be recouped over a 10-year period after a 10% across-the-board reduction in all individual income tax rates. In other words, deficits would increase by nearly the same amount as the tax cut in the first five years, with limited feedback revenue thereafter. Through increased budget deficits, the tax cuts
Keeling Curve Keeling Curve The Keeling Curve is a graph of the accumulation of carbon dioxide in the Earth's atmosphere based on continuous measurements taken at the Mauna Loa Observatory on the island of Hawaii from 1958 to the present day. The curve is named for the scientist Charles David Keeling, who started the monitoring program and supervised it until his death in 2005. Keeling's measurements showed the first significant evidence of rapidly increasing carbon dioxide levels in the atmosphere. According to Dr Naomi Oreskes, Professor of History of Science at Harvard University, the Keeling curve is one of the most important