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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}}
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}}
[[Category:Economics]]
[[Category:Economics]]
[[Category:Politics]]
[[Category:Politics]]