Laffer curve tax revenues significantly and contributed to the massive increase in federal debt during the 1980s.". The Laffer curve and supply-side economics inspired Reaganomics and the Kemp-Roth Tax Cut of 1981. Supply-side advocates of tax cuts claimed that lower tax rates would generate more tax revenue because the United States government's marginal income tax rates prior to the legislation were on the "right-hand" side of the curve. This assertion was derided by George H. W. Bush as "voodoo economics" while running against Reagan for the Presidential nomination in 1980. During the Reagan presidency, the top marginal rate of tax in the
Larry Laffer person's full name as a comical reference, "Jerry" was then altered to "Larry", a similar name, in honor of injury attorney Larry H. Parker, a childhood friend of Lowe. Lowe had to find a new surname, and having in mind the many L-words of the title, skimmed through the 'L' volume of an encyclopedia in order to find a suitable word or name. He fell on the entry of Arthur Laffer, and the name caught his attention due to its phonetic resemblance to 'laugher'. Arthur Laffer for years had no idea about the existence of the games until much later