Tuesday, November 6, 2012

CRS says no link between high income tax cuts and growth

There was an important piece of research that came out from the Congressional Research Service about a month ago. The report called "Taxes and the Economy: An economic analysis of the top tax rate since 1945," demonstrated that there is NO link between the rate the top 10% of income earners paid in taxes and the overall growth of the economy.

We thought the story was important but it got only a small amount of little bit of coverage in the national press. The New York Times has a link here to the original document. You can also find copies by googling the title.

Well now the congressional Republicans have forced the CRS to withdraw the report. The withdraw has led to more publicity and attention for the report.

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