Cutting taxes to balance the budget? You're having a Laffer - The Drum (Australian Broadcasting Corporation)
It seems to me that when journalists here write about Art Laffer, they tend to let him off pretty lightly. (Kansas rarely gets a mention, strangely enough. How's it going? - still terribly, I see - you have to go to somewhere like Forbes to find a "free market" proponent to run the Laffer line that it'll all work out for the good - just you wait and see; give it a decade or so. Oh, and universities and highway funding - who needs them? It's all a "spending problem", not a revenue one. Lol.)
But nonetheless, Ian Verrender's explanation of what's happened with low interest rates (companies are paying out big dividends, while simultaneously having earnings decline) was interesting.