http://www.realclearpolitics.com/articles/2009/10/08/the_mundell-laffer_solution_98622.html#
"And as the White House considers a second stimulus package, here's another thought: Go for growth. Reduce tax rates to provide growth incentives (something Team Obama has avoided like the plague). Cut the
top corporate tax rate from 35 percent to 25 percent, and accompany that with a small-business tax cut from 35 percent to 25 percent. And leave the Bush tax cuts alone. Don't let them expire in 2011. That's cap-gains, dividends and the top personal rate. Yes, this is a supply-side solution: Reducing tax rates will ignite growth incentives. And by applying it, Team Obama would be borrowing from George W. Bush, Bill Clinton, Ronald Reagan and John F. Kennedy (and Calvin Coolidge and Andrew Mellon, too). Forget about Keynesian spending multipliers, which Harvard's Robert Barrow writes are less than one. Forget about class
warfare. Forget about income redistribution. Go for growth."
