Arthur Laffer Quotes


Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.


Citations

Laffer, Arthur B. "The Laffer Curve: Past, Present, and Future." Heritage Foundation Backgrounder, no. 1765, The Heritage Foundation, 1 June 2004, p. 3.

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Arthur Laffer
Arthur Laffer
  • Born: August 14, 1940
  • Nationality: American
  • Profession: Economist

Arthur Betz Laffer 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 government. In certain circumstances, this would allow governments to cut taxes, and simultaneously increase revenue and economic growth.