Today's corporate profits reflect a production and income shift away from 2011, when tax rates...

|By:, SA News Editor

Today's corporate profits reflect a production and income shift away from 2011, when tax rates will rise, into 2010, Arthur Laffer says. The result will be plunging profits and stocks next year. Remembering surging growth rates when Reagan's tax cuts took effect, Laffer says "Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011."