President Donald Trump will present Arthur B. Laffer with the Presidential Medal of Freedom. The presentation will take place on June 19. Dr. Laffer is called the “Father of Supply-Side Economics” and is one of the most influential economists in American history, the White House said in a press release. Laffer is renowned for his economic theory, the “Laffer Curve,” which establishes the strong incentive effects of lower tax rates that spur investment, production, jobs, wages, economic growth and tax compliance, the White House said. Laffer was the first chief economist of the Office of Management and Budget and a top economic advisor to President Ronald Reagan. Among other accomplishments during his career, he served as a consultant to the Department of the Treasury and Department of Defense. Laffer’s public service and contributions to economic policy have helped spur prosperity for the nation, the White House said. Laffer is a native of Youngstown, Ohio, who lives in Nashville, Politico said. He moved with his business, Laffer Associates, from San Diego to Nashville in 2003, the Nashville Post said. The economist said he made the move because Tennessee does not have an income tax. His company provides international investment advisory…
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