Art Laffer: The Foundation Is Now Laid For An Economic "Golden Age"

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Jul 10, 2025

Arthur Laffer, a key economic advisor to President Trump and known for the Laffer curve, shares insights on the potential for a U.S. economic 'Golden Age.' He discusses how tax cuts and deregulation may drive GDP growth up to 5% and their implications for employment. Delving into the challenges of fiscal responsibility, he emphasizes the need for sustainable policies while advocating for bipartisanship in tax reform. With a positive outlook on investment trends, Laffer highlights the importance of collaboration for America's economic future.

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INSIGHT

Key Economic Agenda Locked In

The passing of the Big Beautiful Bill secures the Trump administration's key economic agenda permanently.
Its provisions create a foundation for sustainable growth and economic stability.

INSIGHT

Tax Cuts Can Boost Revenues

Tax cuts can increase federal revenues by stimulating growth and reducing tax avoidance.
Forecasts assuming tax cuts worsen deficits often overlook dynamic economic responses.

ADVICE

Enforce Work Requirements

Implement work requirements for disability insurance to ensure funds go to truly disabled.
Design eligibility criteria carefully to minimize errors but maintain system integrity.

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Well, now that President Trump has set into motion the main pillars of his economic policy -- trade reform, tax cuts and deregulation -- what should we expect from here?I can think of few better people to hear from on this topic than today's guest, who is one of the key economic advisors to President Trump and his cabinet membersToday, we're fortunate to welcome back to the program economist Dr Arthur Laffer. He was the first to hold the title of Chief Economist at the Office of Management and Budget in the early 1970s. He then later served as a member of President Reagan's Economic Policy Advisory Board. He's perhaps best known for developing the Laffer curve, a model for determining the optimal balance between tax revenues and economic growth.

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