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'''Arthur Laffer''' (born Aug. 14, 1940) is a [[supply side]] [[economy|economist]] who provided intellectual support for the [[tax]] cuts during the administration of President [[Ronald Reagan]]. He served on Reagan's Economic Policy Advisory Board throughout the Reagan Presidency.  

'''Arthur Laffer''' (born Aug. 14, 1940) is a [[supply side]] [[economy|economist]] who provided intellectual support for the [[tax]] cuts during the administration of President [[Ronald Reagan]]. He served on Reagan's Economic Policy Advisory Board throughout the Reagan Presidency.  

The [[Laffer Curve]] is named after his promotion of the concept that, when tax rates are high, a decrease in tax rates can cause an increase in tax revenues. A reporter for the [[Wall Street Journal]], [[Jude Wanniski]], coined the term after seeing Laffer sketch the curve on a napkin. Previously economists mistakenly assumed that a tax rate close to 100% maximized tax revenues.

The [[Laffer Curve]] is named after his promotion of the concept that, when tax rates are high, a decrease in tax rates can cause an increase in tax revenues. A reporter for the [[Wall Street Journal]], [[Jude Wanniski]], coined the term after seeing Laffer sketch the curve on a napkin. Previously economists mistakenly assumed that a tax rate close to 100% maximized tax revenues.{{fact}}

==References==

==References==