The Laffer Curve underlies the contention that lower tax rates need not reduce tax revenues.

Name: The Laffer Curve underlies the contention that lower tax rates need not reduce tax revenues.
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The Laffer Curve shows that at a certain point, decreasing tax rates can actually increase tax revenues by stimulating economic growth and activity. This theory has been debated and remains controversial, but it forms the basis for arguments in favor of lower tax rates.

The Laffer Curve Underlies the Contention That Lower Tax Rates