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September 19, 2012 / needhamgrassroots

NEWSFLASH: Trickle-Down Still Doesn’t Work (New study)

despite being perpetually lauded as a panacea to the economy’s woes, tax cuts do not, in fact, lead to economic growth.

from Tax Cuts For The Rich Do Not Spur Economic Growth:

There is no clear correlation between tax cuts for high earners and economic growth, according to a new study by Congress’ nonpartisan policy analyst.

“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,” concluded a report by the Congressional Research Service released Friday. “Analysis of such data suggests the reduction in the top tax rates have had little association with saving, investment, or productivity growth.”

Read the whole thing:  Tax Cuts For The Rich Do Not Spur Economic Growth: Study | TPMDC (9/17/2012) http://bit.ly/UcApTd

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