A $7 trillion tax reform could trigger a recession under Trump

Arthur Laffer’s cocktail napkin has much to answer for as the birthplace of trickle-down economics. As Trump mark's 100 days, Laffer's proposed tax reforms could end up doing a lot of damage

President Donald Trump speaks as vice-president Mike Pence looks on at the Department of Veterans Affairs before signing an executive order on improving accountability and whistleblower protection last Thursday in Washington Olivier Douliery – Pool/Getty