Analysis: Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds
The paper is a good reminder to be humble about taxes as a tool for growing the economy. They remain, above all, a tool for collecting revenue and tweaking incentives for specific economic behavior. Congress has cut tax rates repeatedly over the last 60 years, while the country and the global economy have undergone considerable changes that probably had a greater effect on growth.
Yep, pretty much. And what did the GOP do when they saw this?
Nonpartisan Tax Report Withdrawn After G.O.P. Protest
Stomped their feet and stormed down the hallway...yelling at dad the whole way!!!
1 comment:
The U.S. economy generally grows, with little respect for tax policy. True enough.
The whole argument about Clinton vs. Bush rates at the top is just stupid - for both Repubs and Dems. All this nonsense about 35% or 39.6% - the latter yielding a whole 8% of the current deficit. I really don't know which is the bigger group of idiots.
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