Arthur Laffer Resells His Reagan-Era Tax Cuts To Create ‘Boom Of All Centuries
By Natalie Johnson, July 20, 2015
Daily Signal
Daily Signal
Arthur Laffer sat at dinner with Ford administration officials Dick Cheney and Donald Rumsfeld 40 years ago, sketching his tax policy theory in sharpie on the back of a cloth napkin, declaring that tax cuts would stimulate the floundering economy.
The napkin drawing etched Laffer’s name as the intellectual architect of Reaganomics and spurred a supply-side economics revolution.
As the 2016 election heats up, Laffer’s ideas are resurging as his schedule is lined with Republican presidential hopefuls looking to incorporate the party’s labeled “tax guru” in their economic platforms.
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