Trump has dug up the worst of the worst: Arthur Laffer and more
Donald Trump the real estate developer owes much of his fame to the 1980s. Now Donald Trump the presidential candidate is going back to that decade to call on President Ronald Reagan’s economic team.
As the presumptive Republican nominee gets ready to put out his plan to boost U.S. growth, he’s sought advice from some of the most notable names in Reaganomics, including Arthur Laffer, Larry Kudlow and Stephen Moore. More voters might support Trump if he can persuade them he will bring back some of the economic successes of the era when he penned his bestselling book, “Trump: The Art of the Deal.”
Kudlow and Moore have been working with the campaign on its tax plan, advising Trump to cut some deductions for high-income Americans and “raise money by broadening the tax base,” said Moore, a visiting fellow at the Washington-based Heritage Foundation who served as an economic adviser in Reagan’s administration.
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Trump also has some of the former president’s political muscle behind him. Ed Rollins, who ran Reagan’s 1984 campaign, is helping out the Great America political action committee backing Trump’s run. And Jeffrey Lord, who worked in the Reagan White House’s political arm, wrote a book, “What America Needs: The Case for Trump.” At an April rally, Trump said, whenever Lord is “in a little doubt he says, ‘He reminds me of Ronald Reagan.’ ”
“Philosophically speaking, I just don’t see them as that far apart,” Lord said of Trump and Reagan.
Laffer said the parallel between Reagan and Trump is that both were “greatly underestimated by the population at large.”
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http://www.bloomberg.com/politics/articles/2016-05-26/reaganomics-band-gets-back-together-to-advise-trump-on-tax-plan
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