Dr. Art Laffer and Michelle Balconi on Tax Reform

 

Dr. Art LafferFamed Reagan Economic Advisor Dr. Art Laffer and Author Michelle Balconi join us to discuss President Trump’s efforts at tax reform. Will he get a bill passed and when? What will be the economic results on business and middle-class families?

Dr. Art Laffer was a member of President Reagan’s Economic Policy Advisory Board (1981–1989) and was noted in Time magazine’s 1999 cover story as “One of the Century’s Greatest Minds.” He is a frequent cable news contributor and the author and co-author of many newspaper articles and books including Return to Prosperity and An Inquiry into the Nature and Causes of the Wealth of States. Dr. Laffer is well known for the Laffer Curve, an illustration of the theory that there exists some tax rate between 0% and 100% that will result in maximum tax revenue for governments.

Michelle A. Balconi is a writer and speaker focused on connecting children and adults through important topics. Her Let’s Chat About series with Dr. Arthur Laffer provides real terms and familiar scenarios for family discussions and includes “Let’s Chat About Economics,” “Let’s Chat About Democracy,” and planned for 2018, “Let’s Chat About Immigration.”

This wide-ranging interview covers the 2008 financial crisis, how tax rates impact the economy, how we can teach our kids the basics of economics and democracy, and Dr. Laffer discusses Ronald Reagan.

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There are 7 comments.

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  1. Goldwaterwoman Thatcher
    Goldwaterwoman
    @goldwaterwoman

    Loved, loved this podcast and the song at the end. Thanks Dave.

    • #1
  2. RightAngles Member
    RightAngles
    @RightAngles

    Me too, and I love Art Laffer. I never knew he’d been a Democrat.

    • #2
  3. Goldwaterwoman Thatcher
    Goldwaterwoman
    @goldwaterwoman

    RightAngles (View Comment):
    Me too, and I love Art Laffer. I never knew he’d been a Democrat.

    He sounds like a guy with a great sense of humor too.

    • #3
  4. Dave Sussman Contributor
    Dave Sussman
    @DaveSussman

    Goldwaterwoman (View Comment):

    RightAngles (View Comment):
    Me too, and I love Art Laffer. I never knew he’d been a Democrat.

    He sounds like a guy with a great sense of humor too.

    He’s a ball of energy and genuinely one of the nicest guys. Has more energy at 77 than many half his age.

    • #4
  5. Dave Sussman Contributor
    Dave Sussman
    @DaveSussman

    RightAngles (View Comment):
    Me too, and I love Art Laffer. I never knew he’d been a Democrat.

    Yeah, he a supply sider. JFK and Bill Clinton presided over growth partly due to tax policy whereas W’s 2nd term and Obama departed from what works and we saw 1-2% GDP. Can’t deny what works.

    • #5
  6. RightAngles Member
    RightAngles
    @RightAngles

    Dave Sussman (View Comment):

    RightAngles (View Comment):
    Me too, and I love Art Laffer. I never knew he’d been a Democrat.

    Yeah, he a supply sider. JFK and Bill Clinton presided over growth partly due to tax policy whereas W’s 2nd term and Obama departed from what works and we saw 1-2% GDP. Can’t deny what works.

    Well some of us can, apparently.

    • #6
  7. I Walton Member
    I Walton
    @IWalton

    Dave Sussman (View Comment):

    RightAngles (View Comment):
    Me too, and I love Art Laffer. I never knew he’d been a Democrat.

    Yeah, he a supply sider. JFK and Bill Clinton presided over growth partly due to tax policy whereas W’s 2nd term and Obama departed from what works and we saw 1-2% GDP. Can’t deny what works.

    I took a Macro class from one of JFK’s economic advisors (Francis Bator) who confidently asserted that  the Kennedy tax cut was a Keynesian demand increasing “tax expenditure”  So I don’t think JFK was a supply sider, even if the term existed then.  He was Keynesian who stumbled into  growth because a tax cut, in Keynesian terms he was told, would work faster than spending.  Bush then proved that the wrong tax cuts are as dumb and ineffective as increased spending.  Laffer is one of the most important educators of the last century.  Wonderful that they’re doing these books.

    • #7
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