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Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds
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| Contributor | RP |
| Last Edited | RP Sep 17, 2012 01:24pm |
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| Category | Study |
| Author | Derek Thompson |
| News Date | Sunday, September 16, 2012 06:55:00 PM UTC0:0 |
| Description | Analysis of six decades of data found that top tax rates "have had little association with saving, investment, or productivity growth." However, the study found that reductions of capital gains taxes and top marginal rate taxes have led to greater income inequality. Past studies cited in the report have suggested that a broad-based tax rate reduction can have "a small to modest, positive effect on economic growth" or "no effect on economic growth."
In short, the study found that top tax rates don't appear to determine the size of the economic pie but they can affect how the pie is sliced, especially for the richest households. |
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