Arthur Laffer Quotes

Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues.

Here's the problem if you keep raising tax rates: You slow down economic growth.

Tax bills create wealth. They help people live better.

There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder.

I really do believe most people understand raising tax rates is bad for the economy, it costs jobs. It actually in the long term undermines revenue.

Sometimes, tax rate increases create the very problems that the spending is intended to cure. In other words, the tax rate increases reduce economic growth; they shrink the pie; they cause more poverty, more despair, more unemployment, which are all things government is trying to alleviate with spending.

The linkage between tax rates and public services is, if not non-existent, negative.

Trump has a pro-economic-growth tax plan, and we are sensitive to the cost of that plan.

We need to lower marginal tax rates and increase investment.

In the 1980s, Democrats enthusiastically helped President Reagan pass his tax reforms, which made the tax system fairer and more efficient in addition to reducing rates.

The unpopularity of raising corporate or personal income tax has been a straight jacket constraining Labour's thinking on how best to invest and grow the economy.

Conservatives in Government must make the case that lowering the tax burden boosts economic growth and leads to an increase in tax revenues.

Tax increases appear to have a very large sustained and highly significant negative impact on output.

It is time to recognize a simple fact of life. Contrary to what some of my colleagues seem to believe, tax cuts do not pay for themselves.

That tax relief can spur the economy and thereby benefit all Americans is something that Washington Democrats used to understand. President Kennedy, for example, aggressively cut taxes after being elected to stimulate the economy as a means of helping all Americans.

There were 23 or 24 separate tax cuts during the Giuliani administration. I'd love to be able to equal that.

The clearest way to cut some of this fiscal drag would be to extend the current payroll tax holiday and increase it - as proposed by President Barack Obama. This would cut the fiscal drag by almost half.

As a matter of policy, increasing taxes on the most economically productive group, which already generates 60 percent of the nation's federal revenues, during a sustained period of economic doldrums is a wretched idea.

I would support eliminating certain tax breaks that are not economically justifiable if they are offset with reductions in tax rates.

Reducing the tax burden is necessary to produce economic growth.

Effective tax credits are used to create jobs and grow our economy. But tax credits that aren't delivering for Missourians must be retooled and reformed.

I am for lowering taxes.

The cardinal rule of taxation is that whatever you put a levy on, you'll inevitably get less of. Taxing corporate activity means less investing, less hiring, fewer jobs and a smaller economy, which hurts the rich, the poor and the middle class alike.

If you're going to go increase taxes on small businesses, you're going to slow down the extent to which we're able to reduce unemployment. So I think it's a serious mistake; the wrong time to raise taxes.

Tax cuts are like sex: When they are good, they are very, very good. And when they are bad, they are still pretty good.