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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. This negates the naive assumption that a tax rate of close to 100% maximizes revenue.
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. This negates the naive assumption that a tax rate of close to 100% maximizes revenue.
In 2019, Laffer received the [[Presidential Medal of Freedom]] from President [[Donald Trump]].<ref>Uhler, Lewis K.; Ferrara, Peter J. (July 27, 2019). [https://thehill.com/opinion/finance/453895-his-curve-wins-art-laffer-the-medal-of-freedom-and-the-lefts-outrage His 'curve' wins Art Laffer the Medal of Freedom — and the left's outrage]. ''The Hill''. Retrieved July 27, 2019.</ref>
==References==
{{reflist}}
{{DEFAULTSORT:Laffer, Arthur}}
{{DEFAULTSORT:Laffer, Arthur}}
[[Category:Economists]]
[[Category:Economists]]
[[Category:Political Advisors]]
[[Category:Political Advisors]]
[[Category:Fiscal Conservatives]]