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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (287547)5/10/2006 5:50:11 PM
From: TigerPaw  Read Replies (2) of 1571690
 
The Laffer curve only deals with the revenue side of the equation.

The fiction of the Laffer curve is that revenues rise because the economy is stimulated by the lower taxes. That might be true if the taxes were outrageous but that was not the case in Reagan or any Bush term. What stimulation there was in the economy was due to massive borrowing far in excess of any revenue increase. Stimulation from the tax cut was negligible.

TP
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