New 65 Year Longitudinal Study Finds Tax Cuts Do Not Spur Economic Growth But Do Lead To Economic Inequality

Screen Shot 2012-09-16 at 11.15.58 AM

A study from the congressional research service titled Taxes and the Economy: An Economic Study of the Top Tax Rate Since 1945 shows that there is no correlation between tax breaks for the 1%. It does show however that cutting tax rates for the wealthy does spur income inequality.

(Thanks to the NYT for the graphic)

Story as Covered by The Atlantic

Story as Covered in a column by The New York Times

Advertisements

What Do You think?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s