xxx/ellauri085.html on line 496: Much of the blame for the trickle-down lie goes to conservative economist Arthur Laffer, godfather of “supply-side” economics, a.k.a. “Reaganomics.” He argued, using an easy-to-understand graph — the Laffer curve — that as tax rates go down, government revenue goes up.
xxx/ellauri085.html on line 504: That was due in no small part to Trump’s tax cuts doing not what Laffer predicted but what all sensible economists said would happen: Government revenue fell while spending increased.
xxx/ellauri085.html on line 518: “Let’s let people keep more of what they earn,” he said. “That’s the supply side of the Laffer curve. We believe in that.”
xxx/ellauri085.html on line 536: In June, Trump awarded trickle-down proponent Laffer the Presidential Medal of Freedom, the nation’s highest civilian honor.
xxx/ellauri085.html on line 537: Trump praised Laffer’s “brilliant theory,” and said the value of trickle-down economics had been proved “over and over again.”
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