Senate Republicans kill study debunking the economic myth: that giving tax cuts to the rich helps anyone but themselves (Congress, economy)

[icametodropbombs]

"In an astounding, little-reported act of hubris, Senate Republicans apparently killed a study by the non-partisan Congressional Research Service when its findings contradicted their favorite economic myth: that giving tax cuts to the rich helps anyone but themselves."


"Analysis of such data suggests the reduction in the top tax rates have had little association with saving, investment, or productivity growth. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution."

Article:
http://www.commondreams.org/further/2012/11/01-4


Link to Study:
http://www.dpcc.senate.gov/files/doc...op%20Rates.pdf

I'm sure no one here is surprised.

[Little-Acorn]

Originally Posted by rombola4

Who cares if the tax cuts only help the people who EARNED the money?

Liberals do.

They regard money as being the property of the state, not of the people who earned it. And they believe that any effort to keep what you earned, actually constitutes an evil act of some kind. So the more money you have, the more evil you automatically are.

These warped people have ruined more nations and impoverished more populations than all the wars and depressions in the history of mankind.