It has been more than three decades since the Laffer Curve popularized the idea that cutting taxes would stimulate economic growth and increase tax revenues. The topic has been hotly debated over the years. A closer look at federal fiscal policy and economic growth since the Reagan presidency provides a surprising amount of empirical support for the existence of a Laffer Curve.
This event was moderated by Professor Lawrence R. Jacobs, professor at the University of Minnesota. The Q&A section was moderated by Timothy Taylor, managing editor for the Journal of Economic Perspectives.
Kevin Hassett is a senior fellow and director of Economic Policy Studies at American Enterprise Institute. Before joining AEI, Mr. Hassett was a senior economist at the Board of Governors of the Federal Reserve System and an associate professor of economics and finance at the Graduate School of Business of Columbia University, as well as a policy consultant to the Treasury Department during the George H. W. Bush and Clinton administrations. He served as an economic adviser to the George W. Bush 2004 presidential campaign and as Senator John McCain's chief economic adviser during the 2000 presidential primaries. He also served as a senior economic adviser to the McCain 2008 presidential campaign. Mr. Hassett writes a weekly column for Bloomberg.
Jacobs, Lawrence R..
They Aren't Laughing at Laffer Anymore.
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