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  1. When tax rates are in the stratosphere, as was the case when Kennedy took ofcife, under those circumstances it made sense to cut taxes. However, when marginal tax rates are already low, the Laffer Curve suggest that further tax cuts will lead to reduced tax revenue. Was I asleep for the last eight years or haven’t we already gone down this tax cut road before? Supply side? we already have plenty of supply and slack capcity in the economy. The problem we face is low aggregate demand. We need demand side stimulus.Darth Accountant

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