The former Reagan economist and co-author of “The Miracle of the Trump Economy” Art Laffer detailed Wednesday whether Americans can benefit from tax cuts at Fox Business.

House Republicans have advanced budget resolutions to extend the Trump-era tax cuts, strengthen national security and support American workers. Between exterior On the “bottom line,” Lafar expressed what he said was his satisfaction with the recent developments of the House, criticizing the opposition parties, particularly Democrats, for his negative comments about tax cuts and employment law.

“It doesn’t matter if it was a big margin or a small margin. The bill was passed. Johnson did a great job with it. Brian, what shocked me, where did you find the Democrats selling those stupid comments?” Laffer asked. “What we know very well is that tax cuts and employment will increase federal tax revenues, but we didn’t lower them. It created a level of poverty for minorities, disenfranchised, uneducated, and the lowest in US history.”

Laffer also noted that US economic growth had skyrocketed before the eurozone following the implementation of the law.

“The growth in the US compared to the eurozone that was being brought together suddenly, so much so that it has increased in the US, and all they said is counterfactual. I don’t get a place to go to these people saying that without affecting them,” Laffer said. “It’s just wrong. And I’m absolutely wrong about everything they say, so I’d like to discuss one of them on the show you have about the facts of what happened with the tax cuts and employment law.”

Laffer praised the measures taken under the Trump administration to tackle wider economic policies and protect American businesses from what they called “overseas terrors.”

“If I could say one thing here, tax cuts and employment laws have gone up. The rich paid more taxes at lower tax rates. The revenues have been reduced. And as you know, this was victory, victory, victory, victory. Who on earth would want to raise taxes, collect tax rates, reduce income? You have to be stupid, blind and stupid to do something like that,” Laffer said. (Related: “The Greatest Threat to Free Speech”: Ted Cruz predicts legal action against big technology to censor conservative media)

“We earned more income, more prosperity, and we helped the poor more with the tax cuts.”

Treasury Secretary Scott Becent has pledged to work with Congress to extend the 2017 tax cuts enacted under President Donald Trump’s first term. house Advanced A budget resolution extending Trump’s tax cuts through a substantial settlement bill.

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