Economist Arthur Laffer made the argument that tax rates in the United States were so high that reducing the rates would increase tax revenue.

Question

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Arthur Laffer is known for the Laffer Curve, which illustrates his theory that there exists an optimal tax rate that maximizes revenue, suggesting that reducing tax rates could lead to an increase in total tax revenue if rates were previously too high.

Economist Arthur Laffer Made the Argument That Tax Rates in the United