This Is Not Arthur Laffer’s Famous Napkin

The Smithsonian says that it has the most famous napkin in economic history. The available evidence suggests that’s probably not true.

Economic Scene: Tax Cuts, Sold as Fuel for Growth, Widen Gap Between Rich and Poor

October 3, 2017 Eduardo Porter ECONOMIC SCENE It is a little unsettling that the intellectual underpinning of tax policy in the United States today was jotted down on a napkin at the Two Continents Restaurant in Washington in December 1974. That was when, legend has...

Arthur Laffer’s Theory on Tax Cuts Comes to Life Once More

The theory, four decades old, that cutting taxes spurs enough growth to generate new tax revenue underpins President Trump’s tax plan.