• Latest
  • Trending
  • All
  • News
  • Business
  • Lifestyle
‘It’s Silly And It’s Stupid And It Doesn’t Work’: Reagan Economist Blasts Proposed Tax Hikes

‘It’s Silly And It’s Stupid And It Doesn’t Work’: Reagan Economist Blasts Proposed Tax Hikes

March 31, 2025
GOP Pushes to Give Americans $600 Checks from Tariffs

GOP Pushes to Give Americans $600 Checks from Tariffs

July 30, 2025
US Economy Rebounds In Second Quarter Of 2025

US Economy Rebounds In Second Quarter Of 2025

July 30, 2025
Joni Ernst Has Long List Of Taxpayer-Funded Boondoggles She Wants To Place On Trump Admin Chopping Board

Joni Ernst Has Long List Of Taxpayer-Funded Boondoggles She Wants To Place On Trump Admin Chopping Board

July 30, 2025

Trump Answers Questions About Gabbard Report

July 30, 2025

Congressman Tim Burchett Injured After Being Kicked By Horse

July 30, 2025
‘Oh, I’m Very Happy’: Latinos Living Along Southern Border Rave Over Trump’s Crackdown

‘Oh, I’m Very Happy’: Latinos Living Along Southern Border Rave Over Trump’s Crackdown

July 30, 2025
Tsunami Waves Hit Hawaii After 8.8 Earthquake Rocks Russia

Tsunami Waves Hit Hawaii After 8.8 Earthquake Rocks Russia

July 30, 2025

Democrat Senator Erupts On Senate Floor Claiming His Party Is ‘Willing To Be Complicit’ With Trump

July 30, 2025
Late Rocker Ozzy Osbourne Granted Last Wish: No ‘Mope Fest’

Late Rocker Ozzy Osbourne Granted Last Wish: No ‘Mope Fest’

July 30, 2025
CASEY RYAN: Radical Activists Have Captured Maine’s Department Of Education

CASEY RYAN: Radical Activists Have Captured Maine’s Department Of Education

July 30, 2025
Top Republicans Call For Declassification Of Thumb Drives Containing Hillary Clinton’s Emails

Top Republicans Call For Declassification Of Thumb Drives Containing Hillary Clinton’s Emails

July 30, 2025
Hawaii, Alaska And U.S. West Coast Under Tsunami Alert After Massive Quake Off Russian Coast

Hawaii, Alaska And U.S. West Coast Under Tsunami Alert After Massive Quake Off Russian Coast

July 29, 2025
  • Donald Trump
  • State of the Union
  • Elon Musk
  • Tariffs
  • Congress
  • Faith
  • Immigration
Wednesday, July 30, 2025
  • Login
IJR
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls
No Result
View All Result
IJR
No Result
View All Result
Home News

‘It’s Silly And It’s Stupid And It Doesn’t Work’: Reagan Economist Blasts Proposed Tax Hikes

by Daily Caller News Foundation
March 31, 2025 at 9:04 pm
in News, Wire
247 5
0
‘It’s Silly And It’s Stupid And It Doesn’t Work’: Reagan Economist Blasts Proposed Tax Hikes
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Daily Caller News Foundation

Former Reagan economist Art Laffer said on Fox Business Monday that the Trump administration needs to leave the Tax Cuts and Jobs Act alone and focus on pressing issues like immigration and international relations.

Facing a Wednesday deadline, the Trump administration is deliberating targeted tariffs for specific trading partners or applying a uniform tariff rate, as President Donald Trump softens his stance on matching U.S. tariffs with those of other countries. During an appearance on “Kudlow,” Laffer slammed the proposed tax hike and called it “silly and stupid.”

“The single contribution he had in his first term was the Tax Cuts and Jobs Act. That was the most amazing bill ever. Lower the corporate rate to 21%. Drop the income tax rate to 39.6 to 37. Leave it alone. Get that bill passed, and just get out of taxes. We’ve got everything there. If he wants to do the other ones on tips, on overtime, that’s great,” Laffer said.

Members of the administration, Laffer said, should focus on other pressing issues, including immigration.

WATCH:

“Let’s just get the tax one behind us. We’ve got the immigration issue going beautifully in our favor. He’s doing the whole thing on war and peace and the settlements in Ukraine and Gaza. These are all great issues,” Laffer added. “Don’t confuse things by adding another stick in the mud of raising the highest tax rate. That’s silly. It’s stupid, and it doesn’t work. Every time we’ve raised the highest tax rate the economy has underperformed. The rich have not paid more in taxes, and the poor have been hurt.”

Laffer then suggested focusing on what he termed “80/20” issues like immigration, voter integrity, and transparency, which he said are likely to garner broad support.

“We don’t need any of these issues that cause all sorts of problems. We need to keep the House next year, Larry. We really do. Let’s get the 80/20 ones. Immigration. You’ve got transparency. You’ve got voter integrity. You’ve got all of these issues just standing there. War and peace. Let’s just get those through,” Laffer told host Larry Kudlow. “Let’s get the election done next year, and then we can do all the other issues you want. But President Trump is heading towards truth, world fame, time and memorial types of stuff. He’s going on the legends list.”

Senate Republicans are poised to vote on a budget blueprint this week, aiming to push forward President Trump’s initial legislative goals through the budget reconciliation process, bypassing Democratic filibusters.

Trump has requested that congressional Republicans secure long-term tax relief for Americans by permanently extending the expiring provisions of the 2017 Tax Cuts and Jobs Act in an upcoming budget reconciliation bill. The House budget resolution that passed in February, however, did not include provisions for making these tax cuts permanent.

(Featured Image Media Credit: Screenshot/Fox Business)

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Tags: DCNFU.S. NewsUS
Share196Tweet123
Daily Caller News Foundation

Daily Caller News Foundation

Advertisements

Top Stories June 10th
Top Stories June 7th
Top Stories June 6th
Top Stories June 3rd
Top Stories May 30th
Top Stories May 29th
Top Stories May 24th
Top Stories May 23rd
Top Stories May 21st
Top Stories May 17th

Join Over 6M Subscribers

We’re organizing an online community to elevate trusted voices on all sides so that you can be fully informed.





IJR

    Copyright © 2024 IJR

Trusted Voices On All Sides

  • About Us
  • GDPR Privacy Policy
  • Terms of Service
  • Editorial Standards & Corrections Policy
  • Subscribe to IJR

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
  • US News
  • Commentary
  • World News
  • Faith
  • Latest Polls

    Copyright © 2024 IJR

Top Stories June 10th Top Stories June 7th Top Stories June 6th Top Stories June 3rd Top Stories May 30th Top Stories May 29th Top Stories May 24th Top Stories May 23rd Top Stories May 21st Top Stories May 17th