the decision means no officers have been held criminally responsible for mistakes made after stephen was murdered in april 1993 in a racist attack in south london. here s our correspondent, daniel de simone. the racist murder of teenager stephen lawrence took place 31 years ago at a south london bus stop. the failed first investigation is widely seen as one of the biggest disasters in the history of the metropolitan police. today an official review has concluded that four senior retired officers who ran the first inquiry should not be charged with a criminal offence. should not be charged with a criminal offence. , , ., ., criminal offence. this is a dreadful crime, a completely criminal offence. this is a dreadful crime, a completely unprovoked . crime, a completely unprovoked attack on a young 18 year old black youth. attack on a young 18-year-old black outh. , ., ., ., ., youth. their investigation failed to brina youth. their investigation failed to bring anyone yout
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The story of how the Laffer Curve got its name begins with a 1978 article by Jude Wanniski in The Public Interest entitled, Taxes, Revenues, and the Laffer Curve. 1 As recounted by Wanniski (associate editor of The Wall Street Journal at the time), in December 1974, he had dinner with me (then professor at the University of Chicago), Donald Rumsfeld (Chief of Staff to President Gerald Ford), and Dick Cheney (Rumsfeld s deputy and my former classmate at Yale) at the Two Continents Restaurant at the Washington Hotel in Washington, D.C. While discussing President Ford s WIN (Whip Inflation Now) proposal for tax increases, I supposedly grabbed my napkin and a pen and sketched a curve on the napkin illustrating the trade-off between tax rates and tax revenues. Wanniski named the trade-off The Laffer Curve.
in 2018, 91 companies paid zero in corporate taxes. and the effective rate is 11% versus the 21%. that s remarkable. i m glad you brought that up. that is from, as you said yesterday, institute on taxation and economic policy. companies paying a collective tax rate 161%, barely more than half the 21% rate established by the tax law. it s 2121% tax rate for years i ve heard companies say we need a corporate tax rate like 21%. they got a rate lower tan asked for and used it to buy back shares which benefits shareholders not building big factories and things like that. i wonder how that tax message will resonate. what i hear from allies of the president is that they think the economy is good for them. they finishing the election happened today and voters went in to the polling place with the economy on their mind, their own personal finances on their mind, trump will win. the economy is in a different
lot is if you elect me president, i m going to cut taxes every year so i think this was harkening back to the campaign of keeping the tax message going and look, i don t actually even know what the 10% tax is. i did a lot of and everybody s kind of tight-lipped but i think the politics of this are good. the democrats are running around the country saying, elect us and we ll repeal the president s tax cut of last year, the big one and now republicans say, look, we want to cut taxes, they want to raise them. that s not a place for republicans to be politically. what s your take? i mean, if republicans keep the senate, who knows what s going to happen with the house, it is possible that there will be some movement and you might be able to pick off some democrats. i think it s very unlikely at this point. as far as we can tell, trump may have just made this up on the fly. when the no. i know, unheard of. when kevin was asked by reporters today about this tax cut, what analysis di
gave up on the tax message because they decided that wasn t working and went with the trumpiest message possible, and still lost. it didn t work. just because they think this is the thing that two, best for them doesn t mean it s a thing that works. first of all, it s interesting whose youthful high jinks we ve decided matter here. to run these ads while simultaneously claiming that it s out of line to go back and look at what brett kavanaugh did in college is pretty rich. but also, this is in a way there is something honest about these ads in this is what the republican party is running on, right? this is a battle whether america is going to be obama s america, a multicultural forward thinking forward thinking democracy or whether it s going to be this brutally revanchist white patriarchy. that is what the midterm is about. and i guess to their credit they understand that. i got say the collins and mcmurray. collins has his back up against the wall, no excuse at all, but