Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric. (Arthur Laffer)

Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.

Arthur Laffer

Related topics

early major metric past policy public tax three 100 1980s years kennedy cuts reagan

Related quotes

Carter's hopes died when the Soviet Union invaded Afghanistan and he ended up having to reverse policy and launch the military buildup that Reagan continued. Mr. Obama would be forced back into a war on terror if terrorist groups pull off enough damaging or frightening attacks to force this issue to the fore.

Walter Russell Mead

Because we spoke so loudly, opponents of reproductive health access demonized and smeared me and others on the public airwaves. These smears are obvious attempts to distract from meaningful policy discussions and to silence women's voices regarding their own health care.

Sandra Fluke

By 1980, the work of Feldstein, Boskin, Summers, and others had convinced many economists that U.S. taxes were in fact a significant obstacle to investment. Nor was this all: another major U.S. policy, the Social Security system, was also discouraging saving and investment.

Paul Krugman

Balancing fiscal and monetary policies is a problem. If you do just one thing, it is not necessarily enough-neither monetary policy alone nor fiscal policy alone, and neither tax cuts nor expenditure increases alone. You need to mix policy. By having the right balance, you can get high employment and stable prices.

Lawrence Klein

There were no jobs created in America from 1945, when the war ended, through 2003. How could there be? Taxes were too high. Preposterously so under Eisenhower, Kennedy, Nixon, Reagan (who left office with a 28 percent rate on long-term capital gains) and Bush the Elder.

Andrew Tobias