Trump Will Honor Economist Arthur Laffer

President Trump will award the Presidential Medal of Freedom, the nation’s highest civilian honor, to economist Arthur Laffer, The Hill reports.

“Laffer championed supply-side economics and gained prominence serving as a top adviser to then-President Reagan. He established what is known as the ‘Laffer Curve,’ which showed that increases in tax rates will eventually cause government revenue to decrease at a certain point. The model has been cited to argue for the benefits of tax cuts.”