More like the Laffer Grade. To see full Laffer you would bring the tax brackets to 10%, 15% and 25%.
It is not only an ode to Arthur Laffer but at the core of the Trump’s policies is Milton Friedman. Friedman taught that the growth of government bureaucracy with all the associated restrictive regulations and rules hindered productive capitalism and discouraged the production of real wealth. The creation of real wealth correlates best in any culture with the degree of social justice. Trump has not only cut corporate and personal taxes but has been on a mission to eliminate rules and regulations. He is unleashing the capitalist tiger. hopefully it will devour the decadent, immoral left. In the first two years of the Obama administration when the Democrats controlled both the House and Senate, they unilaterally imposed Obamacare on the country. Trump and the Republicans in a similar political situation chose to unleash productive capitalism. Time will tell what was best for the American people.
Wealth is created through mining, agriculture and manufacturing. When you import any of those things wealth is leaving this country. We need a tariff and we need it now.
The issue is never the issue with the left. Revenue is immaterial to controlling the economy through taxation. That is why they end up in a North Korean or Venezuelan paradise.