Arthur Laffer Quotes


What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax.


Citations

Laffer, Arthur B. Interview on Carbon Tax. Energy and Enterprise Initiative, 2012.

Related Quotes

This was a typical argument in the 2012 battle between President Obama and the Republican conservatives. However, this was written 35 years earlier, when the exact same issue was polarizing politicians. The idea for taxing the rich more to reduce the deficit has been around since there was a Federal deficit. On most occasions the rich had enough political clout to avoid additional taxes for them and get the general public to pay instead of them. However, there have been times where they have not been able to avoid increased taxes. The New Deal lead by Franklin Delano Roosevelt and the Obama administration in 2013 were two such exceptions.


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.