Art Laffer on Trump's tax cuts two years later

Art Laffer, founder and chairman of Laffer Associates, joins "Squawk Box" to discuss how the 2017 tax cuts have impacted the markets.



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[Zero_ss]

The markets rising does nothing for most of the average citizens though. tax cuts should be given to citizens instead of corporations for a better stimulus.

[gisellagambino]

Privatize the profits Socialize the cost. History tends to repeat itself.

[nobody]

Gdp fell, but we skyrocketed, wages never increased, and the national debt increased 8 trillion dollars,

[easyenetwork]

What should be said is companies made $4 trillion, but only a small portion of that went to paying the national debt or to actually paying workers more money or even investing to create more jobs, right?

[teebone]

no mention of Fed propping up market daily with free money injections? Damn i cant wait until the truth finally comes out

[jjosephm]

Government spending must eventually be cut. The US spends too much and we can never tax our way out of the deficit. If you refuse, eventually our fiat currency will crash and some will eat out of garbage cans.
Greece, anyone?

[bullpro]

I have no problem with big corporations making big money. I mean, that's inevitable! Everyone in the US owns an Apple product, I own 5! But damn, the average American did not benefit from this tax cut AT ALL. About $500 in savings they say. Capitalism just getting more and more extreme. Extremism is NEVER good.

[joe]

does this guy have blush on his face looking like Jack from Tropic Thunder

[justinasadomauskas]

revenue right in line.
budget deficit at 5% GDP sits quietly in a corner

[kbxredxk]

Yea sure the stock market is up but what about hourly wages?? Wages have gone up but so has inflation and from what I’ve seen inflation is rising faster than the wages or at least keeping up. If inflation is keeping up with rising wages then hourly workers are making the same amount of money year in and year out and if inflation is more than rising wages then people are losing money year in and year out.

[nthperson]

Real tax reform would have distinguished income earned by producing goods or providing services and income derived from passive income and speculation. Economics going back to Adam Smith consistently argued for the taxation of what are called "rents" (i.e., that portion of income derived from natural or artificial advantages). What would real income tax reform look like? First, all income regardless of source should be taxed under the same rate structure, which ought to be progressive in order to capture rent-derived income. We should exempt all individual income up to the national (or, for the states, the state) median income. Eliminate all other deductions or exemptions. Above the exempt level, impose an increasing rate of taxation on higher ranges of income. The tax system would then reward wages earned and shift the burden of taxation to incomes essentially unearned.

Edward J. Dodson, Director
School of Cooperative Individualism

[chrisspatz]

I’m not an NBC fan, but this segment was done very well.

[teebone]

"Laughter " just said large trade deficient is a good thing for Americans which is the opposite of what he said months ago lol. Manufacturing is almost DEAD so theres nothing to export which means its NOT GOOD for american citizens.

[cesarcatalan]

Who thinks bernie sanders had some influence in this?

[Nighthawk]

The blue state . people make more money