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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (133589)2/26/2001 10:56:58 AM
From: Scumbria  Read Replies (1) of 1570332
 
Tim,

you do realize that revenue can go up after taxes are cut right?

That was my point. Reagan-Laffer math says that no matter how much you cut taxes, growth will more than compensate for the reduced tax rates.

In order to have kept even, Reagan would have needed a 20% growth rate, which I'm sure the Fed would have been totally agreeable to.

Scumbria
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