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Supply-side economics

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Supply-side economics:

  1. Typically favor tax increases so that the additional revenue can be used to lower the federal budget deficit

  2. Do not believe in the mechanics of the Laffer Curve

  3. Desire reductions in income tax rates so that people are encouraged to work more and make a higher take-home pay

  4. Believe in the Laffer Curve, but not to the extent that Americans can ever be taxed too much

Reference no: EM131116775

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