Trump said that Laffer proved the best way to grow the economy and raise government revenue was not to increase tax rates but to adopt strong incentives. trump honors economist who advised him on.
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Arthur Betz Laffer (/ l f r /; born August 14, 1940) is an American economist and author who first gained prominence during the Reagan administration as a member of Reagan’s Economic Policy Advisory Board (1981-89). Laffer is best known for the Laffer curve, an illustration of the concept that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for.
Laffer also advised then-Gov. Sam Brownback of Kansas on income tax cuts that state’s conservative legislature approved in 2012 and 2013. But the economic boom envisioned did not pan out.
Critics say the tax cuts he has espoused over the years have not produced the promised results and have instead contributed to growing income inequality and soaring budget deficits. Trump said that Laffer proved the best way to grow the economy and raise government revenue was not to increase tax rates but to adopt strong incentives "that unleash the power of human freedom."
Five years ago, Laffer – a longtime champion of supply-side "trickle down" economics – made $75,000 helping Kansas Gov. Sam Brownback (R) shepherd a package of tax cuts through the Kansas.
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In 2012, he enacted the largest package of tax cuts in Kansas. have to be here in Kansas if Brownback’s economic plan had not already proved catastrophic. Back in 2011, Arthur Laffer, the.
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There’s even a crucial break with other conservatives in Hubbard’s tax-reform ideas. Many conservative economists, most notably supply side godfather Arthur Laffer. so reform must help them, too.
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Laffer says trade war would be "disaster" President Trump on Wednesday awarded the Presidential Medal of Freedom to conservative economist Arthur Laffer, a former adviser to President Ronald.
Laffer says lower tax rates change people’s behavior and stimulate economic growth, creating more tax revenue for the government, not less. Allies credit Laffer with helping to spur income tax reductions around the world and boosting national economies as a result. Critics say the tax cuts he has espoused over the years have not produced the promised results and have instead contributed to growing income inequality and soaring budget deficits.