The correct answer to this open question is the following.
The conservative philosophy on taxation could potentially help the economy in the following way.
Conservative people in the United States usually support the fiscal ideas of the Republican Party. They consider that conservative philosophy on taxation could potentially help the economy in that more investors and companies would be more prone to invest their money in creating new jobs if taxes are reasonable. More jobs and more companies, mean more sales and consumer activities that could help move the economy again.
These conservative people are against liberal and welfare state concepts that try to raise more taxes to create social programs to help the people in need.
