Arthur Laffer
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Arthur Betz Laffer is an American economist and author who first gained prominence during the Ronald Reagan administration as a member of Reagan's Economic Policy Advisory Board. Laffer is best known
Laffer at the White House in 2019
Laffer in 1988, during which he was part of the Economic Policy Advisory Board
Laffer receives the Presidential Medal of Freedom from President Donald Trump in 2019.
Laffer curve
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In economics, the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of the government's tax revenue. The theory reasons that because no tax revenue
Arthur Laffer
…prominence during the Ronald Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–1989). Laffer is best known for the Laffer curve, an illustration of the hypothesis that there exists a tax rate between 0% and 100% at which tax revenue for government will be maximised - suggesting…
Figure compares the Laffer curve under the assumption that firms do not respond to changes in the tax rate (Naïve) to the Laffer curve when firms adjust their prices (Firm Response) as estimated in Miravete, Seim & Thurk (2018). The tax revenue-maximizing rates are indicated in parentheses.