"11:00 PM had my first bout of nausea; Rx took care of it. I feel wonderful. Absolutely no pain, I can't finish a sentence or remember words so Cary, Laura and Laurie did their best to understand what I am trying to convey. I usually get enough…"
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tax cuts for the rich spurred income inequality , not economic growth.
Republicans Try to Hide Study That Shows Tax Cuts for the Rich Spur...
"The nonpartisan Congressional Research Service (CRS) issued a report in September that showed that cutting tax rates for the wealthiest Americans did not spur economic or job growth, refuting a key Republican justification for the party’s continued obsession with maintaining the tax cuts for the wealthy they passed in 2003. But when Senate Republicans aired seemingly minor complaints about it, the agency quietly withdrew the report , even as its economic team advised it to stand firm.
"The report, as ThinkProgress reported in September, found that tax cuts for the rich spurred income inequality , not economic growth. “There is not conclusive evidence, however, to substantiate a clear relationship between the 65-year steady reduction in the top tax rates and economic growth,” the report stated. “However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”
Replies to This Discussion
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Permalink Reply by John on -
Is there anyone, apart from all those god fearing angry white males in the Republican party, who really believe cutting taxes for the already very wealthy would benefit anyone other than those very same wealthy individuals?
The Right continue to dupe the working class in the US by using the same old arguments,class warfare, god, guns, & abortion.
As long as there are people out there who think it's ok for for the wage earners to pay all the tax so the mega wealthy don't pay any (I'm talking about Romney folks) then nothing will change.
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Permalink Reply by Ruth Anthony-Gardner on -
Sounds so obvious.
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