<a href='http://news.yahoo.com/news?tmpl=story&u=/afp/20041011/pl_afp/nobel_economics_us_taxes_041011212152' target='_blank'>Prescott says tax cuts stimulate economy, not the other way around</a>

The American analyst, who is a professor at Arizona State University and a researcher at the Federal Reserve Bank of Minneapolis, said a large tax cut in 1986 had lowered rates while collecting the same revenue.


But "in the early '90s the economy was depressed by the tax increase in '93 by about four percent, and it's right at that level now," Prescott said.

On another note, if John Kerry were to institute his plan, someone making 205K would make less than someone making 195K.

Address this Schad. :ownd: