Economist Arthur Laffer To Receive Presidential Medal of Freedom
President Donald Trump will award the Presidential Medal of Freedom to economist Arthur Laffer.
According to Reuters, the award is the country’s highest civilian honor.
Laffer created the “Laffer Curve, a theory used to argue tax cuts could increase tax revenue by spurring economic growth.
The economist served as adviser to President Ronald Reagan and thought of the idea in 1974.
The White House said: “Dr. Laffer’s public service and contributions to economic policy have helped spur prosperity for our Nation.”