A big part of Reagan's Economic Policy Advisory Board was Arthur B. Laffer. Laffer remains one of the world's most respected authorities in international finance and business. Laffer came up with the idea that taxes were so high that they were actually cutting tax revenue by lowering the incentive to work. Then Laffer drew a curve that looked much like the arch that is in Saint Louis. This curve represented the revenue drawn from taxes.

Very few economists paid much attention to Laffer's suggestion of cutting taxes to raise tax revenue, but this idea was correct to economic theory. They did not know if Laffer's curve would actually work or not, because they were not sure if tax levels had grown to such extreme's that it was falling down the backside of the curve. The only true way to find out was to actually test this idea, and cut the current tax rate paid by Americans.

Laffer's idea really caught the eye of Reagan. One of the reasons is because Reagan had been on the concept t

From everything I have read on the internet I have found Reagan to be a very good president, but that is just things I have read, just like what I talked about earlier with reporters being biased against republicans. I really do not remember the Reagan era at all so I can not really say what kind of a president he was, but I feel like I know a lot more about it now.

There is lots of controversy about the Reagan administration. Many people think that Reagan was not a very good president at all, but some people think that Reagan was one of the greatest presidents ever. Part of this is because everywhere you look the facts are different. The book states that lowering tax rates decreased tax revenue, but on the internet one site stated that Reagan's tax cuts were associated with total government revenue growth of $670,600,000,000.00 a gain of seven percent per year. They also stated that by cutting tax rates in the highest tax brackets, the share of income taxes paid by the top one percent of all taxpayers rose from 17.89 percent to 27.58 perce

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