Thoughtful Money with Adam Taggart

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

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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