Laffer curve billion), but with large uncertainty on both sides. Robert Chote, the chairman of the UK Office for Budget Responsibility commented that Britain was "strolling across the summit of the Laffer curve", implying that UK tax rates were close to the optimum rate. Laffer has presented the examples of Russia and the Baltic states, which instituted a flat tax with rates lower than 35% around the same time that their economies started growing. He has similarly referred to the economic outcome of the Kemp-Roth tax cuts, the Kennedy tax cuts, the 1920s tax cuts, and the changes in US capital gains
Arthur Laffer on the "Board of Scholars" of the American Legislative Exchange Council (ALEC). Laffer was one of four economists who acted as advisors to Donald Trump's successful 2016 campaign for the presidency of the United States. Laffer was born in Youngstown, Ohio, the son of Marian Amelia "Molly" (née Betz), a homemaker and politician, and William Gillespie Laffer, a president of the Clevite Corporation. He was raised a Presbyterian, and graduated from University School high school in 1958. Laffer earned a B.A. in Economics from Yale University (1962) and an M.B.A. (1965) and a Ph.D. in Economics (1972) from Stanford University.