Dr. Art Laffer is the most recent recipient of the Presidential Medal of Freedom. He’s a world-renowned economist who was an essential part of the Ronald Reagan tax cuts in August 1981 that fueled economic expansion For many years to come.

AM 760’s Mark Larson spoke with Dr. Art Laffer on how the American tax rate was over 70 percent before the Reagan tax cuts, and how it went down to under 30 percent following the tax cuts. Laffer also commented on some of the current Democratic candidates and their tax plans.