Laffer curve led to federal budget surpluses. The Republican party, which was then based in the protectionist industrial Northeast, argued that cutting rates would lower revenues. But the Democratic party, then rooted in the agricultural South, argued tariff reductions would increase revenues by increasing the number of taxable imports. In 2012, economists surveyed by the University of Chicago rejected the viewpoint that the Laffer Curve's postulation of increased tax revenue through a rate cut applies to federal US income taxes of the time in the medium term. When asked whether a "cut in federal income tax rates in the US right now
Laffer, South Australia which was conducted in August 2016 reports that Laffer had a population of 48 people. Laffer is located within the federal division of Barker, the state electoral district of MacKillop and the local government area of the Tatiara District Council. Laffer, South Australia Laffer is a locality in the Australian state of South Australia located in the state’s south-east about south-east of the state capital of Adelaide and about west of the municipal seat in Bordertown. Its boundaries were created on 24 August 2000. Its name is derived from the cadastral unit of the Hundred of Laffer which it occupies