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


To: Taro who wrote (359736)11/21/2007 11:33:41 AM
From: combjelly  Read Replies (1) | Respond to of 1574854
 
"Most be easy when "most economists" believe we are to the left of the Laffer top."

Those who are willing to put a number to the peak have the numbers in the 60%-65% range. I haven't been able to find any respected economist who puts it lower. In fact, it is hard to find many economists who are willing to argue that a tax cut will even pay for itself through economic growth, although some are willing to go as far as saying it comes close.

And the available evidence supports it. After the initial Reagan cut, all of the tax rate increases have resulted in higher revenues. And none have resulted in a decrease in economic activity.

If you can find different evidence, please post it.