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Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.
Arthur Laffer
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"Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs."
— Arthur Laffer #politicsgovernment

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Because tax cuts create an incentive to increase output, employment, and production, they also…

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Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs. — Arthur Laffer

About Arthur Laffer

Arthur Laffer was a Economist from United States (1940–1989).

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Frequently Asked Questions

Who said "Because tax cuts create an incentive to increase output, employment, and produc…"?
This quote is attributed to Arthur Laffer, a Economist from United States.
When did Arthur Laffer live?
Arthur Laffer lived from 1940 – 1989.
What is this quote about?
This quote touches on Politics & Government. Browse more quotes on these themes from the categories page.