Tax cuts for the rich don't spur economic growth | Arkansas Blog

Monday, September 17, 2012

Tax cuts for the rich don't spur economic growth

Posted By on Mon, Sep 17, 2012 at 8:09 AM

There's a certain duh factor here, given the economic results of the Bush years and what the continuation of his tax cuts for the wealthy have trickled down on the U.S. Nonetheless, from Talking Points Memo:

There is no clear correlation between tax cuts for high earners and economic growth, according to a new study by Congress’ nonpartisan policy analyst.

“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,” concluded a report by the Congressional Research Service released Friday. “Analysis of such data suggests the reduction in the top tax rates have had little association with saving, investment, or productivity growth.”

The Tea Party Republicans from Arkansas would insist the problem is we just haven't cut taxes for the wealthy enough. If we'd take back the earned income tax credit given the working poor and cut taxes on the wealthy further to, oh about zero on unearned income, Tom Cotton and the rest of braintrust indicate, prosperity would flow like a mighty stream. Tax work, not wealth.

Tags: ,

From the ArkTimes store

Favorite

Comments (16)

Showing 1-16 of 16

Add a comment

 
Subscribe to this thread:
Showing 1-16 of 16

Add a comment

More by Max Brantley

  • Two more get prison for feeding program fraud

    Two more people got prison sentences today for defrauding the state-run program that uses federal money to provide meals to poor children.
    • Aug 18, 2017
  • Friday's open line

    Here's today's video. And it is the open line.
    • Aug 18, 2017
  • Steve Bannon leaving White House

    The odious Steve Bannon, right-wing nationalist, is departing his White House job as strategist for Donald Trump.  Alas, Trump is still there.
    • Aug 18, 2017
  • More »

Readers also liked…

Most Shared

  • Take yourself there: Mavis Staples coming to LR for Central High performance

    Gospel and R&B singer and civil rights activist Mavis Staples, who has been inspiring fans with gospel-inflected freedom songs like "I'll Take You There" and "March Up Freedom's Highway" and the poignant "Oh What a Feeling" will come to Little Rock for the commemoration of the 60th anniversary of the desegregation of Central High.
  • Klan's president

    Everything that Donald Trump does — make that everything that he says — is calculated to thrill his lustiest disciples. But he is discovering that what was brilliant for a politician is a miscalculation for a president, because it deepens the chasm between him and most Americans.
  • On Charlottesville

    Watching the Charlottesville spectacle from halfway across the country, I confess that my first instinct was to raillery. Vanilla ISIS, somebody called this mob of would-be Nazis. A parade of love-deprived nerds marching bravely out of their parents' basements carrying tiki torches from Home Depot.

Most Viewed

Most Recent Comments

  • Re: What's your Big Idea for Arkansas?

    • Do you need an urgent loan to start up business, debt loan? buy a car…

    • on August 19, 2017
  • Re: Friday's open line

    • Cato, you could see where Glibbus was going immediately in prelude to his "dramatic" one-liner…

    • on August 18, 2017
  • Re: Friday's open line

    • Keith Olbermann highlights a column written by Art Buchwald in 1973 of what Republicans should…

    • on August 18, 2017

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation