Antony Davies is a professor of economics at Duquesne University and a Research Fellow at the Mercatus Center at George Mason University.

Professor Antony Davies asks whether the United States can balance the federal government’s budget by raising taxes. Looking at historical data of tax rates compared with government revenue, he shows that government revenue has remained essentially constant since 1969, despite wide changes in marginal tax rates. Prof. Davies concludes by suggesting that the optimal tax policy is be a simplified system with low rates.

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