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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (230126)	4/20/2005 4:43:49 PM
From: Taro	Read Replies (1) \| Respond to of 1573135

Bush's cuts where from much lower marginal rates so the Laffer Curve argument probably doesn't apply to them... "probably" is an important part of your language here. Because we are most likely close to the optimum anyway, given the current services rendered by the government, it is not that easy to determine the exact situation. You could be right, you could be wrong. and probably would not apply to any further tax cuts unless they happen some time after serious tax increases. Same comment as above. When reagan came to office taxation (marginal) rates were so much way over where they ought to be that it didn't take a rocket scientist to understand what should be done. Getting that done, however, was a BIG decision which called for a lot of guts. It had never been done before and nobody knew for sure that the theory would also work in real life. It did. Taro