Posted on 09/17/2012 4:27:59 PM PDT by 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.
A study from the Congressional Research Service -- the non-partisan research office for Congress -- shows that "there is little evidence over the past 65 years that tax cuts for the highest earners are associated with savings, investment or productivity growth."
In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth.
(Excerpt) Read more at finance.yahoo.com ...
Just how "non-partisan" is the CRS?
Where to begin................
Yes, despite all common sense and historical precedent, this must be true.
Non partisan - what a crock
we could also tax the poor out of poverty while we’re at it.
Good grief.
” A study from the Congressional Research Service — the non-partisan research office for Congress “
ROTFLMFAO
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.
How about between 1776 and 1913? No doubt growth was much better with 0% income tax rates than it is today.
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.
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
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).
You could ask John F Kennedy
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
Pure propaganda.
THAT’s where I left my copy of “1984”
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
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 ?
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