Skip to main content

Tax Analysis That Drew GOP Fire Reissued

17 Dec 2012

Tax Analysis That Drew GOP Fire Reissued

A report from the nonpartisan Congressional Research Service, showing that cutting top tax rates does not stimulate the economy — a cornerstone of tax philosophy among many Republicans — was reissued this week after being pulled in early November amid complaints from Senate Republicans. An analysis of 65 years of data showed no relationship between cutting upper-income taxes and savings, investment or productivity growth. The report also found that such tax cuts over the past 65 years appear to be connected to the growing concentration of wealth among the richest Americans.

Related Posts

The Washington Report – March 13, 2015

This week's Washington Report! To sign up for the direct email, click here.   PENDING...

Washington Report November 17, 2017

Something REALLY special this week ... Capstone's analysis of the state of play in Washington...

Washington Report July 12, 2019

With Congress back from its 4th of July recess, this week begins a three-week stretch...