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  • WebMemo posted January 16, 2007 by Arthur Laffer The Four Pillars of Reaganomics

    The following is Arthur Laffer's November 13 address to members of The Heritage Foundation's President's Club at the fall 2006 President's Club meeting, held at the Ronald Reagan International Trade Center in Washington, DC. You know, one thing I always loved, Ed, was when I followed Milton Friedman to the podium I could actually raise…

  • Executive Summary posted June 1, 2004 by Arthur Laffer Executive Summary: The Laffer Curve: Past, Present, and Future

    The Laffer Curve illustrates the basic idea that changes in tax rates have two effects on tax revenues: the arithmetic effect and the economic effect. The arithmetic effect is simply that if tax rates are lowered, tax revenues (per dollar of tax base) will be lowered by the amount of the decrease in the rate. The reverse is true for an increase in tax rates. The…

  • Backgrounder posted June 1, 2004 by Arthur Laffer The Laffer Curve: Past, Present, and Future

    The story of how the Laffer Curve got its name begins with a 1978 article by Jude Wanniski in The Public Interest entitled, "Taxes, Revenues, and the 'Laffer Curve.'"1 As recounted by Wanniski (associate editor of The Wall Street Journal at the time), in December 1974, he had dinner with me (then professor at the University of Chicago), Donald Rumsfeld (Chief of Staff to…

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