Nonpartisan Tax Report Killed After G.O.P. Protest

[sickofnyc]

Originally Posted by BigJon3475

You need to be asking yourself where would you be without tax cuts...

You have 5 decades of tax cuts to prove that not one president was willing to take the bet that if they didn't cut taxes what would happen.

Not that you're intellectually honest with yourself though...

What are you talking about? Clinton raised taxes on the top earners. And btw...Reagan repeatedly raised taxes.

Not to hijack my wn thread but it seems to me that you need to read more about Frank Luntz. That's the best thing that I can offer you if you are freaked out by misleading propaganda...as you should be.

Here are some actual examples of Luntz’s fine work:

Don’t say “oil drilling.” Say “energy exploration.”
Don’t say “inheritance tax.” Say “death tax.”
Don’t say “global warming.” Say “climate change.”
Don’t say “healthcare reform.” Say “government takeover.”
And don’t say “greedy, soulless multinational corporations who don’t give a damn about you.” Say “job creators.”

Luntz is like a serial killer of the English language.

As soon as I heard the term “job creators,” I said to myself, “that sounds like Frank Luntz talking.” And sure enough, it’s right in there in Frank Luntz’s latest book, Win: The Key Principles to Take Your Business from Ordinary to Extraordinary. Here are Luntz’s exact words: “You don’t create jobs by making life difficult for job creators.” That’s under the heading “The Ten Rules for 2012: What Americans Really Want to Hear from Their Representatives.”

https://www.commondreams.org/view/2011/09/28-13

Propaganda Minister Luntz | Artvoice Daily

[GreenGene]

For anyone interested in reading the actual report rather than someone's interpretation of the report, it's available here: Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945 -- Congressional Research Service, September 14, 2012.

From the report's summary:

Throughout the late-1940s and 1950s, the top marginal tax rate was typically above 90%; today it is 35%. Additionally, the top capital gains tax rate was 25% in the 1950s and 1960s, 35% in the 1970s; today it is 15%. The real GDP growth rate averaged 4.2% and real per capita GDP increased annually by 2.4% in the 1950s. In the 2000s, the average real GDP growth rate was 1.7% and real per capita GDP increased annually by less than 1%. 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. 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. The share of income accruing to the top 0.1% of U.S. families increased from 4.2% in 1945 to 12.3% by 2007 before falling to 9.2% due to the 2007-2009 recession. The evidence does not suggest necessarily a relationship between tax policy with regard to the top tax rates and the size of the economic pie, but there may be a relationship to how the economic pie is sliced.

[artisan4]

Originally Posted by sickofnyc

Republicans have also tried to discredit the private Tax Policy Center ever since the research organization declared that Mitt Romney’s proposal to cut tax rates by 20 percent while protecting the middle class and not increasing the deficit was mathematically impossible. For years, conservatives have pressed the nonpartisan Congressional Budget Office to factor in robust economic growth when it is asked to calculate the cost of tax cuts to the federal budget.

“The reduction in the top tax rates appears to be uncorrelated with saving, investment and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie,” the report said. “However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.”

Withdrawal of a Congressional Research Report on Tax Rates Raises Questions - NYTimes.com

Voodoo trickle down economics being kept on life support by the Plutocrats and the idiots that support them.

I read this article as well. The Republican Party is really a cancer. Hopefully the election on Tuesday will provide some chemo and take them out.