Here's part III in Dan Mitchell's series of short videos explaining the theory and evidence of the Laffer Curve, and -- now -- the backward budget scoring system used by the Joint Tax Committee.

If the U.S. wants to remain competitive in a world full of new, large, ambitious, capitalist competitors, we've got to internalize the simple, but crucial, lessons in these videos. Right now, we're headed for a series of major tax rate hikes over the next three years. We need to be moving in just the opposite direction.