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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (127103)	7/23/2005 9:53:21 PM
From: JohnM	Read Replies (4) \| Respond to of 793714

The Laffer curve is an economic argument, not a political argument. Actually, as Stockton confessed, it was an economic argument hiding a political argument. As for the conditional character of the Laffer curve argument, I would assume as such. Should have stated that. I would guess that the argument would, qua argument, be less applicable in a lower tax environment, circa 2001; than in a higher tax environment, circa 1981. Had DMA deigned to continue the discussion, I would have offered that as my concern for the moment. Moreover, I can see a stronger case for the argument made in terms of corporate taxes, though I suspect I would still not find it convincing. But in terms of personal income taxes, I just can't see it.