Cigar
09-28-2012, 06:45 AM
Does the data have a liberal bias? Tax cuts don’t lead to economic growth
A new report from the Congressional Research Service (CRS) – Congress’s nonpartisan research arm – touched a nerve among free-market ideologues, who reacted to the wonky policy brief by accusing CRS of partisanship and calling their analysis into question. But politicians from both parties, as well as these same ideologues, often cite CRS data and reports in their own research – so what gives?
The findings of the CRS report are neither surprising nor groundbreaking. Simply put, their analysis finds no evidence to substantiate a relationship between tax cuts and economic growth (either positive or negative), although it does find that lowering the top tax rate is associated with the increasing concentration of income at the top of the income distribution. Those two outcomes are no-brainers: trickle-down economics has already been debunked, and cutting taxes for rich people will, of course, increase their incomes.
http://washingtonpolicywatch.org/2012/09/18/does-the-data-have-a-liberal-bias-tax-cuts-dont-lead-to-economic-growth/
Well Duaaaa ... :rollseyes:
A new report from the Congressional Research Service (CRS) – Congress’s nonpartisan research arm – touched a nerve among free-market ideologues, who reacted to the wonky policy brief by accusing CRS of partisanship and calling their analysis into question. But politicians from both parties, as well as these same ideologues, often cite CRS data and reports in their own research – so what gives?
The findings of the CRS report are neither surprising nor groundbreaking. Simply put, their analysis finds no evidence to substantiate a relationship between tax cuts and economic growth (either positive or negative), although it does find that lowering the top tax rate is associated with the increasing concentration of income at the top of the income distribution. Those two outcomes are no-brainers: trickle-down economics has already been debunked, and cutting taxes for rich people will, of course, increase their incomes.
http://washingtonpolicywatch.org/2012/09/18/does-the-data-have-a-liberal-bias-tax-cuts-dont-lead-to-economic-growth/
Well Duaaaa ... :rollseyes: