A former Reagan economist wants to slash the salaries of professors and public officials — while simultaneously proposing tax cuts to stimulate the coronavirus-stricken economy

AP Photo/Jacquelyn Martin

• Former Reagan economic advisor Arthur Laffer wants to cut the salaries of government officials and academics to stimulate the coronavirus-stricken economy.
• His proposal also includes a payroll tax cut until the end of the year.
• Laffer has been mentioned as a possible leader of the second coronavirus task force aimed at determining when the economy should be reopened.
• Laffer's ideas have long been a lightning rod for controversy, particularly his theory that aggressively cutting taxes unleashes economic growth.
• Visit Business Insider's homepage for more stories.

Former Reagan administration economist Arthur Laffer has a new plan to shore up an economy that's been ravaged by the coronavirus pandemic, which he laid out in an interview with Reuters published Wednesday.

Laffer, the designer of the Reagan-era tax cuts and a pioneer behind the controversial notion that slashing taxes unleashes economic growth, is calling for these three actions:

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