Art Laffer

Economist and author

Art 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 the government. In certain circumstances, this would allow governments to cut taxes, and simultaneously increase revenue and economic growth.
Laffer was an economic advisor to Donald Trump’s 2016 presidential campaign. On June 19, 2019, President Donald Trump awarded Laffer with the Presidential Medal of Freedom for his contributions in the field of economics.