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Re: Election 2010: Teabaggin' the Ds & Rs
Quote:
Originally Posted by Cletus Miller
Yeah, not borne out in practice. But if the pie can only shrink--as Sebby suggests--then Laffer's theory is bunk and the Repubs asserting that tax receipts grow when taxes are cut need to get with Sebby's program.
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It works in reverse. As the pie shrinks and tax rates remain constant, they operate like an increase. Hiking them is an increase atop an increase, strangling the source of revenue.
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