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I've certainly never heard of a case where someone was able to derive a Laffer Curve.  Often, the Supply-Siders will point to Jack Kennedy's 1963 tax cuts as evidence of the Laffer Curve's existence.  And it is, I think, a fair example, but it's important to remember that marginal rates were 90% prior to Kennedy's cuts.  That's an incredibly high rate.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sat Jan 7th, 2006 at 11:08:21 AM EST
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