Difference between revisions of "Arthur Laffer"

From Conservapedia
Jump to: navigation, search
m (There are no citations in this article)
 
(6 intermediate revisions by 5 users not shown)
Line 1: Line 1:
 
'''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.{{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. 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==
 
==References==
<references/>
+
{{reflist}}
 +
 
 +
{{DEFAULTSORT:Laffer, Arthur}}
  
[[Category:Economics]]
+
[[Category:Economists]]
[[Category:Politics]]
+
[[Category:Political Advisors]]
 +
[[Category:Fiscal Conservatives]]

Latest revision as of 17:34, 27 July 2019

Arthur Laffer (born Aug. 14, 1940) is a supply side 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. 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.[1]

References

  1. Uhler, Lewis K.; Ferrara, Peter J. (July 27, 2019). His 'curve' wins Art Laffer the Medal of Freedom — and the left's outrage. The Hill. Retrieved July 27, 2019.