WHERE ARE TRUMP TARIFFS ON THE LAFFER CURVE? ASK ARTHUR LAFFER
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✍️ Arthur Laffer, a longtime Trump confidant, expresses skepticism about the administration's claims that tariffs will fill the government's coffers and boost the economy.
👉 Laffer Curve suggests that higher taxes lead to diminishing collections 👉 Tariffs may collect more revenue per unit of import, but also cause weakness in the economy 👉 Laffer believes that the net effects of the administration's tariff regime are probably "rather minuscule either way" 👉 Laffer supports income tax cuts, but believes that tariffs are not a good way to collect revenue
-- #ArthurLaffer #DonaldTrump #ScottBessent #JamesPethokoukis #JanetYellen #TimScott #JohnKennedy #NataliaDíezRiggin #EricVanNostrand #politics
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