The Estimation of American Laffer Highest Tax Rate and the Evaluation of the Tax Reduction
In order to stimulate American economic growth,the Bush government has adopted positive financial policy with the core of large tax reduction.The result of the tax reduction demonstrates the decrease of American macro revenue burden.However,in the long run,the financial revenue of the government increases continually.In addition,four years later,American economy has got rid of the economic recession,and stepped into the period of restorative increase.This paper,taking "Laffer highest tax rate" as the standard of evaluation,and assuming Niskanen linear regression equation,draws a conclusion and evaluation that the current American macro revenue burden is closer to the Laffer highest tax rate than ever before,and the Bush government has comparatively succeeded in implementing the positive financial policy with the core of tax reduction.