Please explain how decreasing tax rates will affect EACH of the following:

a) economic growth: job creation, investment, incentives to work more, and tax avoidance

b) the budget: the difference between tax revenue and government spending

c) economic "fairness"

answer needs to have a discussion related to the Laffer Curve, especially with respect to the budget (and to government revenue in particular). In addition, please give your definition of economic "fairness" and WHY you believe that.

essay format 200-400words

Answer rating: 100% (QA)

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