Monday, January 28, 2008

Art Laffer (curve) chooses Tennessee


Arthur Laffer Sr. had enough of California.

Taxed at an 8.84 percent corporate rate and a top marginal personal-income rate of 10.3 percent, Laffer, an internationally renowned supply-side economist, loaded up his 20-person business in 2006 and aimed for Nashville.

It was an odd decision for the one-time adviser to California Gov. Arnold Schwarzenegger. But Laffer's advice had seemingly fallen on deaf ears, so he looked eastward.