February 15, 2017 at 12:44 pm #27338Andy BrownParticipant
Just another reason why the GOP are just a bunch of self serving greedy motherfuckers. Yes, it happened 5 years ago but no one seems to have found out. Guess why?
Non-Partisan Congressional Tax Report Debunks Core Conservative Economic Theory-GOP Suppresses Study
What do you do when the Congressional Research Service, the completely non-partisan arm of the Library of Congress that has been advising Congress—and only Congress—on matters of policy and law for nearly a century, produces a research study that finds absolutely no correlation between the top tax rates and economic growth, thereby destroying a key tenet of conservative economic theory?
If you are a Republican member of the United States Senate, you do everything in your power to suppress that report—particularly when it comes less than two months before a national election where your candidate is selling this very economic theory as the basis for his candidacy.
Initially released on September 14, 2012, the study—authored by Thomas Hungerford who is a specialist in public finance at the C.R.S.—correlated the historical fluctuations of the highest income tax rates and tax rates on capital gains dating back to World War II with the economic growth (or lack of the same) that followed.
Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.
For almost 100 years, the Congressional Research Service has worked to assist Congress by providing well-researched and accurate data to be utilized in the creation of important public policy. It has done so when Congress was controlled by Democrats and when Congress has been under the control of Republicans. No matter what party was in charge, the C.R.S. has always endeavored to keep politics out of their work in the effort to provide data that would inform and advance our public policy.
Apparently, solid, well researched data no longer matters—at least not when it comes to the Congressional Republicans.
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