had a huge spenng progm. and reduced taxes. >> yes. rose: ending up with a huge deficit. >> biggest fiscal swing in the historof the count. >> re: my queion is, just in economic picy, th idea that lowering taxes increases growth and is a good ideaall other thingseing equal. >> well, look, if tax rates ar 90%, as we saw, for example, in britain years ago and actually at oneoint in the united states 50 years ago and you rece them, you're goi to get owth because taxes at that level are stiing growth. they're suffocang growth. if taxes are where they are today, % for people like m at the highest ra and you raise them, for example, to 39.6, which esident obama is talki abt, which we had under president clinton, that'sot going to have any suffocating affect on growth. >> rose: butne of the presidents whoought into this idea wasack kennedy, correct? >> yes, tt's right. >>ose: what would tax rates... when he ca in and said "'re going lower taxes to increase goat." >> i can't give you the number but they were much hher than today. i want to say