Laffer: No, the incomes are doing beautifully. We've had a great economy. Profits, incomes, jobs and everything is going right, Larry. The real problem we might have is if we follow California's lead and California is really the problem with the rest of the country. If we go that route of higher taxes, of higher minimum wage, of putting all those regulations in, thinking the prosperity can never stop, they will be very, very shocked to find that it has stopped, and if the Democrats are in power at that time, it'll be blamed on them. [CNBC Kudlow & Company, 1/23/07]
Arthur Laffer Bragging About the "Amazing" Bush Economy adsl tv
Laffer: No, the incomes are doing beautifully. We've had a great economy. Profits, incomes, jobs and everything is going right, Larry. The real problem we might have is if we follow California's lead and California is really the problem with the rest of the country. If we go that route of higher taxes, of higher minimum wage, of putting all those regulations in, thinking the prosperity can never stop, they will be very, very shocked to find that it has stopped, and if the Democrats are in power at that time, it'll be blamed on them. [CNBC Kudlow & Company, 1/23/07]
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