LARRY KUDLOW: Give Dr. Art Laffer his Nobel prize in economics

Published On Oct 9, 2024, 5:48 PM

Larry Kudlow argues that Dr. Art Laffer deserves a Nobel Prize in economics for his contributions, particularly the Laffer curve, which illustrates how lower tax rates can lead to higher tax revenues. Kudlow highlights current federal budget deficit concerns and argues that despite significant deficits under current policies, tax revenues have surged. He attributes this misunderstanding of tax policy impacts to outdated government estimations. Kudlow supports Trump's tax policies, which aim to reduce the deficit through tax cuts, juxtaposed against perceived increased spending under Harris's proposals.