TUNE IN.
MARIA AT DAVOS AS WELL.
THANK YOU VERY MUCH, BLAKE.
FORMER ECONOMIC ADVISOR TO
PRESIDENT RONALD REAGAN
MR. ART LAFFER.
ART, GOOD TO SEE YOU.
>> GREAT TO SEE YOU.
TRISH: DID YOU HEAR NEIL AS WE
WENT INTO THIS PROGRAM HE WAS
POINTING OUT TO THE VIEWER
EXACTLY WHAT YOU HAVE SAID ALL
ALONG.
HE SAID IN A COUPLE YEARS IF
THIS CONTINUES, IF WE GET 4%
GROWTH, IF WE SEE A REAL
SIGNIFICANT UPTURN IN THE
ECONOMY, TAX REVENUES, WELL,
THEY WILL GO UP AND THIS WHOLE
THING WILL PAY FOR ITSELF.
>> IT IS THE LAFFER CURVE, ISN'T
IT?
, MY PROFILE, TRISH.
TRISH: NA.
YOU COINED IT BACK IN THE REAGAN
YEARS.
SIR.
>> THANK YOU.
GROWTH BUT IT IS MORE THAN JUST
GROWTH BECAUSE YOU GET ALL THE
AND TAX SHELTERING.
PEOPLE GO BACK TO C-CORPORATIONS
THERE WILL BE SECONDARY,
TERTIARY REVENUES FROM PAYROLL
WE'LL NOT ONLY GET IT PAID FOR,
TRISH, WE'LL MAKE A HUGE AMOUNT
ON THIS NET.
I HAVE NEVER SEEN A SURPLUS IN
THE U.S. BUDGET DOESN'T COME
ALONG WITH RAPID GROWTH AND TAX
CUTS.
IT JUST DOESN'T HAPPEN THIS IS
THE WAY TO DO IT AND TRUMP'S
DONE IT, GOD BLESS HIM.
I TAKE MY HAT OFF TO HIM.
ITS THE BEST ECONOMIC PROGRAM I
HAVE SEEN BY ANY PRESIDENT OF
IT IS JUST INCREDIBLE WHAT HE
HAS DONE.
TRISH: THAT IS A BIG ENDORSEMENT
FROM YOU, TRISH.
>> YES.
TRISH: DEMOCRAT AFTER DEMOCRAT
IS SAYING THIS WAS GOING TO
HAPPEN ANYWAY.
THESE COMPANIES WOULD HAVE GIVEN
OUT BONUSES, THEY WOULD HAVE
RAISED WAGES.
THAT WAS ALL IN THE WORKS BEFORE
THIS TAX PLAN EVER CAME INTO
BEING.
WHAT DO YOU SAY TO THEM?
>> I DON'T KNOW WHAT TO SAY TO
THEM.
I FEEL VERY SORRY FOR THEM
THEY'RE PLAYING CATCH-UP.
THIS WAS DEMOCRATIC PARTY POLICY
WHEN KENNEDY WAS PRESIDENT.
THIS WAS BIG TAX CUTTERS,
NOW THE PEOPLE STUCK?
THE ALTERNATIVE UNIVERSE.
THEY ARE THE BIG NAYSAYERS.
THEY WANT TO HOLD UP THE BUDGET,
THEY WANT TO RAISE TAXES AND DO
ALL THE WRONG THINGS.
I'M SORRY, WE WON, THEY LOST AND
THEY'RE TRYING TO CLAIM CREDIT
FOR WHAT WE WON.
IF IT HAD BEEN DONE, TRISH, THEY
WOULD HAVE DONE IT UNDER OBAMA
BUT THEY DIDN'T.
WE DID.
IT WILL LEAD TO PROSPERITY.
I'M VERY SORRY, THEY WANT TO
TAKE CREDIT FOR IT, BUT THEY
HAVE EVEN THOUGH THEY HAVE BEEN
AS OBSTRUCTIONIST AS THEY
POSSIBLY CAN BE.
>> EVERYTHING, THEY VOTED
AGAINST EVERYTHING.
EVERYTHING THEY VOTED AGAINST.
THIS IS THE NOT DEMOCRATIC PARTY
ANYBODY EVER KNEW IN OUR
HISTORIES THIS S THE ANTIGROWTH
DEMOCRATIC PARTY WHICH IS BRAND
NEW AND REALLY UNPLEASANT.
TRISH: ART, THE OTHER THING
ABOUT THE DEMOCRATIC PARTY ARE
OUT THERE SAYING THIS IS
NOTHING.
1000 BUCKS, NANCY PELOSI SAYS IS
CRUMBS.
>> YEAH I KNOW.
TRISH: I DON'T KNOW, I THINK A
THOSE ARE NOT CRUMBS.
>> PIECE -- THESE PEOPLE ARE
DESPERATE, THEY CAN SEE THEY'RE
LOSING.
I WISH THEY WOULDN'T.
I WISH THEY CAN COME JOIN US
WORK OUT STUFF TOGETHER JUST THE
WAY WE DID WITH REAGAN UNDER THE
'86 TAX ACT.
WE PASSED THE '86 TAX ACT,
TRISH, 97-3.
AL GORE TOLD ME YEAR-AND-A-HALF
AGO, IT IS THE BEST BILL HE EVER
VOTED FOR IN ECONOMICS.
THIS IS COOL, COOL STUFF.
THEY SHOULD BE WITH US, NOT
AGAINST US.
TRISH: THE LAFFER CURVE AT WORK.