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.
20 Facts About Arthur Laffer
2.
Arthur Laffer was an economic advisor to Donald Trump's 2016 presidential campaign.
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Arthur Laffer was born in Youngstown, Ohio, the son of Marian Amelia "Molly", a homemaker and politician, and William Gillespie Arthur Laffer, president of the Clevite Corporation.
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Arthur Laffer is a Presbyterian, and graduated from Cleveland's University School high school in 1958.
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Arthur Laffer was an Associate Professor of Business Economics at the University of Chicago from 1970 to 1976 and a member of the Chicago faculty from 1967 through 1976.
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From 1976 to 1984 Laffer held the status as the Charles B Thornton Professor of Business Economics at the University of Southern California School of Business.
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Arthur Laffer was the first to hold the title of Chief Economist at the Office of Management and Budget under George Shultz from October 1970 to July 1972.
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Arthur Laffer was a member of President Reagan's Economic Policy Advisory Board for both of his terms and was a founding member of the Reagan Executive Advisory Committee for the presidential race of 1980.
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In 2018, Arthur Laffer wrote the book Trumponomics with conservative economic commentator Stephen Moore, wherein they lauded the Trump administration's economic policies.
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The Arthur Laffer curve is undeniable as a matter of economic theory.
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Previously, in 2016, Arthur Laffer said that he believed that then-candidate Trump was "going to be okay on trade" and lauded Trump's understanding of trade.
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Arthur Laffer regularly writes opinion articles in The Wall Street Journal and The Washington Times.
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In 2020, Arthur Laffer advised the Trump administration on how to re-open the economy during the COVID-19 pandemic.
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Arthur Laffer argued for halting stimulus, calling instead for payroll tax cuts.
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Arthur Laffer advocated for taxes on non-profit organizations in education and the arts, as well as for salary reductions for professors and government officials.
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Arthur Laffer argued against expansion of unemployment aid, arguing it discouraged people from working.
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The term "Arthur Laffer curve" was coined by Jude Wanniski, who was present.
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The Arthur Laffer curve is an economic theory that shows the relationship between tax rates and the amount of tax revenue collected by governments.
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Arthur Laffer's postulate was that the tax rate that maximizes revenue was at a much lower level than previously believed: so low that current tax rates were above the level where revenue is maximized.
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Arthur Laffer has been widely acknowledged for his economic influence, including:.