Quotessence
Home / Quotes / Quote by Arthur Laffer

Quote by Arthur Laffer

“It has always amazed me how tax cuts don't work until they take effect. Mr. Obama's experience with deferred tax rate increases will be the reverse. The economy will collapse in 2011.”

Quote by Arthur Laffer

Author

Arthur Laffer
Arthur Laffer

Arthur Laffer, born on August 14, 1940, is an American economist known for his extensive research in the fields of supply-side economics and tax policy. He is renowned for his Laffer Curve, which describes the relationship between tax rates and tax revenue. more

You May Also Like

“What I'm not saying is that all government spending is bad. It's not - far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy. Father Christmas does not work on the Treasury staff this year. You can never bail someone out of trouble without putting someone else into trouble.”

“My advice to an aspiring actor would be to never stop learning or working for what you want. Nothing comes easy, ever, if you want something, you have to work for it. By working for it I mean work on your craft, learn from people who have something to teach. It's just like anything else, practice makes perfect.”