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In this Friday, Oct. 4, 2013, file photo, economist Arthur Laffer, known as the "father of supply-side economics" and who was an economic adviser to President Ronald Reagan, speaks to an executive committee meeting of the California Republican Party at their convention in Anaheim, Calif. President Donald Trump is set to award the Presidential Medal of Freedom to Laffer. (AP Photo/Reed Saxon, File)

In this Friday, Oct. 4, 2013, file photo, economist Arthur Laffer, known as the "father of supply-side economics" and who was an economic adviser to President Ronald Reagan, speaks to an executive committee meeting of the California Republican Party at their convention in Anaheim, Calif. President Donald Trump is set to award the Presidential Medal of Freedom to Laffer. (AP Photo/Reed Saxon, File)

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