Originally Posted by BestXXXPorn

Not sure that's the case here... The Laffer curve would not take into account the shift of taxation from supply side to consumption side. This seems to be more of a hybrid. Lowering personal and corporate taxes in itself in order to increase tax revenue would definitely be them trying to find the peak of the curve. Here they are increasing consumption tax (sales tax) to compensate for the loss of supply side taxes.

I tend to agree with more consumption tax rather than income taxes. Reason being is it puts more money in the hands of consumers. That's more money for things that aren't taxed like food and other requirements for living. It also allows individuals to save more money in their bank accounts if they chose not to spend it on taxable items.