Laffer curve and possible differences in the incentive to work for different income groups complicate the task of estimation. The structure of the curve may also be changed by policy decisions. For example, if tax loopholes and tax shelters are made more readily available by legislation, the point at which revenue begins to decrease with increased taxation is likely to become lower. Laffer presented the curve as a pedagogical device to show that in some circumstances, a reduction in tax rates will actually increase government revenue and not need to be offset by decreased government spending or increased borrowing. For a reduction
Arthur Laffer children's books along with Michelle A. Balconi. In 2014 they co-wrote "Let’s Chat About Economics." The second title in the series, "Let’s Chat About Democracy", released in late 2017. Laffer also regularly writes opinion articles in "The Wall Street Journal" and "The Washington Times". The following is a partial list of publications written primarily by Laffer, with co-authors indicated, in order by date: Arthur Laffer Arthur Betz Laffer (; born August 14, 1940) is an American economist who first gained prominence during the Reagan administration as a member of Reagan's Economic Policy Advisory Board (1981–89). Laffer is best known for