President Ronald Reagan’s Longtime Economic Advisor Dr. Arthur B. Laffer Endorses Gov. Perry for Re-election

March 1, 2010

AUSTIN – Gov. Rick Perry today received the endorsement of Dr. Arthur B. Laffer, founder and chairman of Laffer Associates who is widely known as the economic guru behind former President Ronald Reagan’s policies of supply-side economics.

“Governor Perry understands sound economic principles, including the fact that tax cuts and restrained spending stimulate private sector growth and opportunity,” said Laffer. “The Texas economy continues to outperform the nation, and that is testament to policies that limit taxation, reduce frivolous litigation, and provide predictable regulation. I endorse Governor Perry as the best candidate to keep Texas on strong financial footing.”

Dr. Arthur B. Laffer is the founder and chairman of Laffer Associates, an economic research and consulting firm that provides global investment-research services to institutional asset managers, pension funds, financial institutions, and corporations. Dr. Laffer’s economic acumen and influence in triggering a world-wide tax-cutting movement in the 1980s have earned him the distinction in many publications as The Father of Supply-Side Economics. Dr. Laffer was a member of President Reagan’s Economic Policy Advisory Board for both of his two terms (1981-1989). He was a member of the Executive Committee of the Reagan/Bush Finance Committee in 1984 and was a founding member of the Reagan Executive Advisory Committee for the presidential race of 1980. Dr. Laffer has been widely acknowledged for his economic achievements. Recently he was noted in Time Magazine’s March 29, 1999, cover story The Century s Greatest Minds for inventing the Laffer Curve, which it deemed one of a few of the advances that powered this extraordinary century . He was listed in A Dozen Who Shaped the 80s, in the Los Angeles Times on Jan. 1, 1990, and in A Gallery of the Greatest People Who Influenced Our Daily Business, in the Wall Street Journal on June 23, 1989. Dr. Laffer received a B.A. in economics from Yale University in 1963. He received a MBA and a Ph.D. in economics from Stanford University in 1965 and 1972 respectively.

“I am honored and humbled to have the support of one of the greatest financial minds in our country, Dr. Art Laffer,” said Gov. Perry. “His work has set a precedent and model for fiscal conservatives. Here in Texas, I am proud of the work we have done to follow in his example to keep the tax burden low on businesses and provide a fair and predictable regulatory climate. I look forward to building upon our successful efforts to continue to keep Texas strong and prosperous.”

Dr. Arthur B. Laffer joins the following individuals and organizations in their endorsement of Gov. Perry:

Former Alaska Governor Sarah Palin
Texas Alumni of President Ronald Reagan’s Administration
Gov. and Mrs. Bill Clements
Texas Municipal Police Association
Texas Chemical Council
Texas Society of Professional Engineers
Republican National Committeewoman Cathie Adams
Texas Right to Life
Houston Realty Business Coalition
Texas Apartment Association
Texas Republican County Chairman Association President Linda Rogers
Heidi Group Founder Carol Everett
Texas Alliance for Life
Texas Department of Public Safety Officers Association PAC
Texas Home School Coalition PAC
Texans for Life Coalition President Kyleen Wright
Conservative Republicans of Texas President Dr. Steve Hotze
Free Market Foundation President Kelly Shackelford
Texas Chiropractic Association
Americans for Prosperity State Director Peggy Venable
Texas State Association of Fire Fighters
Texas Association of Realtors
Former New York City Mayor Rudy Giuliani
Texas Civil Justice League PAC
Texas Oil and Gas Association President Rob Looney
Concerned Women for America State Director Ann Hettinger
Texas Optometric Association PAC
Texas Pest Control Association
Energy Entrepreneur T. Boone Pickens
Texas Recreational Vehicle Association
Texas Poultry Federation
Justice at the Gate Founder Alice Patterson
Former Republican Party of Texas Chair Tina Benkiser
Texas Cattle Feeders Beef-PAC
Eagle Forum Founder Phyllis Schlafly
Texas Pharmacy Business Council
Justice Foundation President Allan Parker, Jr.
Texas Podiatric Medical Association
Texas Association for Interior Design
Former Texas Republican Party Chair Susan Weddington
Former U.S. Secretary of Education Bill Bennett
Family Research Council Action PAC Chairman Tony Perkins
WallBuilders President and Founder David Barton
Mississippi Governor Haley Barbour
Texas Association of Builders HOMEPAC
Manufacturers PAC of Texas
Texas Medical Association TEXPAC
Former Republican Party of Texas Chair George Strake
Texas Society of Anesthesiologists PAC
Texas Restaurant Association PAC
Vision America Founder Dr. Rick Scarborough
Wholesale Beer Distributors of Texas PAC
Recreational Fishing Alliance
Texas Recreational Fishing Alliance
Texas Nursery and Landscape Association PAC
Career Colleges and Schools of Texas
Two-Thirds of the State Republican Executive Committee
Republican National Committeeman Bill Crocker
Former Republican Party of Texas Chair Tom Pauken
Texas Motor Transportation Association TRUCKPAC
Empower Texans PAC
Texas Ambulatory Surgery Center Society PAC
Texas Nurses Association
Coalition for Nurses in Advance Practice
Texas Association of Nurse Anesthetists
Texas Nurse Practitioners
Combined Law Enforcement Associations of Texas
Medical Defense PAC
Outdoor Advertising Association of Texas
Texas Chapter of American College of Cardiology HeartPAC
Associated Builders and Contractors of Texas PAC
Associated General Contractors of America Texas Building Branch PAC
Texas Construction Association PAC
Texas Retailers Association PAC
C Club of Houston
Texas Building Owners and Managers Association
Texas Burglar and Fire Alarm Association
Southwest Movers Association
Texas Academy of Physician Assistants PAC
Michael Reagan
Texas Aggregates and Concrete Association
Texas Hospital Association HOSPAC
Dental Laboratory Association of Texas Board of Directors
Texas Organization of Residential Care Homes
Texas Locksmiths Association
Young Conservatives of Texas
National Rifle Association
Texas State Rifle Association
Boating Trades Association PAC of Texas
Texas Agricultural Aviation Association PAC
Texas Association of Business BACPAC
Associated Security Services and Investigators of the State of Texas
Texas Pharmacy Association PharmPAC
Texas Ophthalmological Association Executive Council
Texas Economic Development Council PAC
San Antonio Police Officers Association
Pasadena Police Officers Union PAC
Grover Norquist
Houston Professional Fire Fighters Association Local #341
Council for Citizens Against Government Waste PAC
Texas Society of Professional Surveyors PAC
Dr. James Dobson
Texas Crane Owners Association PAC
Minutemen Project Founder Jim Gilchrist
Conservative Victory Committee President Brent Bozell
Texas Oral and Maxillofacial Surgeons PAC
Texas Quarter Horse Association
Texas Wildlife Association
Texas Eagle Forum President Pat Carlson
Texas Beverage Association

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