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subspaceseven -> Report On Tax Cuts For Wealthy Suppressed By GOP (11/1/2012 1:40:18 PM)
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It seems they used all their power in Sept to stop a report showing that their mantra is wrong, tax cuts to the top 1% do not spur growth...though Bush did a good job of proving that also...
The New York Times reported on Thursday that Senate Republicans applied pressure to the nonpartisan Congressional Research Service (CRS) in September, successfully persuading it to withdraw a report finding that lowering marginal tax rates for the wealthiest Americans had no effect on economic growth or job creation
"The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie."
The full story here and in the NYT
http://www.huffingtonpost.com/2012/11/01/congressional-research-service_n_2059156.html
Full report
http://www.docstoc.com/docs/134693051/CRS-Report-Top-Tax-Rates
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