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Study: Tax Cuts for the Rich Don't Spur Growth
CNBC ^ | 09/17/12 | Robert Frank

Posted on 09/17/2012 4:27:59 PM PDT by sirchtruth

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Well then let's just tax the "RICH" into oblivion and we'll all be just fine!
1 posted on 09/17/2012 4:28:05 PM PDT by sirchtruth
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To: sirchtruth
Congressional Research Service -- the non-partisan research office for Congress

Just how "non-partisan" is the CRS?

2 posted on 09/17/2012 4:30:15 PM PDT by sirchtruth (Freedom is not free.)
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To: sirchtruth

Where to begin................


3 posted on 09/17/2012 4:30:38 PM PDT by gdzla
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To: sirchtruth

Yes, despite all common sense and historical precedent, this must be true.


4 posted on 09/17/2012 4:30:53 PM PDT by FoxInSocks ("Hope is not a course of action." -- M. O'Neal, USMC)
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To: sirchtruth

Non partisan - what a crock


5 posted on 09/17/2012 4:31:49 PM PDT by svcw (If one living cell on another planet is life, why isn't it life in the womb?)
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To: sirchtruth

we could also tax the poor out of poverty while we’re at it.


6 posted on 09/17/2012 4:32:39 PM PDT by smoothsailing
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To: sirchtruth
In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth.

Good grief.

7 posted on 09/17/2012 4:32:55 PM PDT by jwalsh07 (.)
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To: sirchtruth

” A study from the Congressional Research Service — the non-partisan research office for Congress “

ROTFLMFAO


8 posted on 09/17/2012 4:33:17 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: sirchtruth

History proves otherwise. Tax cuts for corporations and businesses allows them to reinvest in capital and grow the entire economy. Production=growth=something these hacks obviously have no concept of.


9 posted on 09/17/2012 4:33:17 PM PDT by NoobRep
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To: sirchtruth
The CRS study looked at tax rates and economic growth since 1945. The top tax rate in 1945 was above 90 percent, and fell to 70 percent in the 1960s and to a low of 28 percent in 1986.

How about between 1776 and 1913? No doubt growth was much better with 0% income tax rates than it is today.

10 posted on 09/17/2012 4:34:35 PM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: sirchtruth

I have a little study called the 1980’s that shows that tax cuts do spur growth and that reducing the size of government and standing up to unions, communists and Muslims can lead to smaller deficits and sustained economic growth and increase security.


11 posted on 09/17/2012 4:34:57 PM PDT by DaveyB (Our Constitution was made only for a moral and religious people. -John Adams)
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To: sirchtruth

Start with Hollywood 95% tax on all income over 250K
and let’s make it retroactive to say 2009. They won’t mind Eva Longoria says she wants to pay more so I say ye shall.
It’s for the Children


12 posted on 09/17/2012 4:35:38 PM PDT by funfan
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To: sirchtruth

This study is silly.

First off, it would be ridiculous to expect tax cuts for the rich to spur BOTH productivity and investment. Indeed, if investment increased (i.e. new factories, facilities, etc.), then you would expect non-technology-related productivity to go down, because more people are being hired, instead of the same smaller number of people being expected to shoulder more and more of an increasing workload (which is what “increased productivity” is often a euphemism for).


13 posted on 09/17/2012 4:36:02 PM PDT by Yashcheritsiy (You can wish in one hand and spit in the other and see which gets filled first.)
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To: sirchtruth

You could ask John F Kennedy


14 posted on 09/17/2012 4:37:05 PM PDT by mo (If you understand, no explanation is needed. If you don't understand, no explanation is possible.)
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To: sirchtruth

It has long (since the 14th Century) been understood that raising taxes on the rich does not increase revenue.

It should be known that at the beginning of a dynasty, taxation yields a large revenue from small assessments. At the end of the dynasty, taxation yields a small revenue from large assessments.
‘Abd-ar-Rah.mân Abû Zayd ibn Khaldûn (1332-1406)’

More recent, See Hauser’s Law


15 posted on 09/17/2012 4:37:41 PM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: sirchtruth

Pure propaganda.


16 posted on 09/17/2012 4:37:58 PM PDT by Fledermaus (Democrats are dangerous and evil. Republicans are just useful idiots.)
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To: jwalsh07

THAT’s where I left my copy of “1984”


17 posted on 09/17/2012 4:38:36 PM PDT by NativeSon ( Grease the floor with Crisco when I dance the Disco)
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To: sirchtruth
<>Cutting taxes for the wealthy does not generate faster economic growth, according to a new report. But those cuts may widen the income gap between the rich and the rest, according to a new report.

Since when is it the purpose of taxation to narrow the gap between the rich and the not? This is where the Marxists always fall flat and show their true colors.

Is the purpose of the tax code to raise revenue or is it to steal from the more well off? Obviously the left believes that latter. And therefore it is unjust (theft) by the very purpose as stated by the leftards

18 posted on 09/17/2012 4:39:01 PM PDT by Ouderkirk (Democrats...the party of Slavery, Segregation, Sodomy, and Sedition)
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To: sirchtruth
This analogy has been used many times, but it's still appropriate. In the story of the three little pigs, the left would take the house made by the industrious hard-working pig, and give it to the lazy pigs who did nothing to help themselves. I honestly feel as though I've wasted my life to this point by working as many hours as I have. What was the point?
19 posted on 09/17/2012 4:39:19 PM PDT by pieceofthepuzzle
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To: sirchtruth

ok, so let me get this straight... according to liberals, taxing cigarettes reduces smoking, taxing gasoline reduces driving, taxing carbon will save the earth but raising income and capital gains taxes has no economic effect ?


20 posted on 09/17/2012 4:39:22 PM PDT by Reverend Wright (you voted for Obama to prove you're not racist, now vote against him to prove you're not stupid...)
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