"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."
American economist known for contributions to supply-side economics and for the Laffer Curve, which models relationships between tax rates and tax revenue. He has advised political leaders and policy institutions on fiscal and economic strategy. His work has been influential in U.S. tax policy debates.