Art Laffer is a big fan of the new tax reform bill. During a recent appearance on the FOX Business Network, he had lots of good things to say about the long term effects of the plan.
Here’s a partial transcript:
“I don’t think you want to blame this bill and curse it because it didn’t cut personal income tax rates enough. This bill is great. Now maybe they could have been better, maybe we could have cut personal rates more, I would go along with that all the way, but there’s going to be a second bill, there’s going to be a third bill, there’s going to be a fourth bill, you’re going to see lots of little bills along the way.”
“You have started a feeding frenzy of economic growth and if my projections are correct you’re going to see the economy doing well and you’re going to see Democrats joining with us sooner or later and you’re going to see this economy going for another twenty years of prosperity.”
Watch the video:
Art Laffer on tax bill: "You've started a feeding frenzy of economic growth and if my projections are correct, you're gonna see the economy doing well… for another 20 years of prosperity." pic.twitter.com/cx5yvc609X
— FOX Business (@FoxBusiness) December 26, 2017
Sounds good to us!