Trump’s Triumph Quotes

“It was based on the style of supply-side economics practiced and advocated for by economists Art Laffer, Larry Kudlow, and others during the Reagan administration. Laffer argued that there is a maximum marginal tax rate that will generate the maximum possible tax revenues in an economy. Raising the marginal tax rate beyond this ideal point leads to a slowdown in economic activity and ultimately yields fewer tax revenues. Therefore, lowering a high marginal tax rate to a certain point can spur economic growth enough to match—or overcome—any shortage with new tax revenues.”
― Newt Gingrich, Trump’s Triumph

“economics practiced and advocated for by economists Art Laffer, Larry Kudlow, and others during the Reagan administration. Laffer argued that there is a maximum marginal tax rate that will generate the maximum possible tax revenues in an economy. Raising the marginal tax rate beyond this ideal point leads to a slowdown in economic activity and ultimately yields fewer tax revenues. Therefore, lowering a high marginal tax rate to a certain point can spur economic growth enough to match—or overcome—any shortage”
― Newt Gingrich, Trump’s Triumph