First there was this report, now this. I wonder what Romney, conservatives, et al will say about this…

According to a new study by the Congressional Research Service (non-partisan), there’s no evidence that tax cuts spur growth. In fact, although correlation is not causation, when you compare economic growth in periods with declining tax rates versus periods with high tax rates, there seems to be evidence that tax cuts might hurt growth. But we’ll leave that possibility for another day.

One thing that tax cuts do unequivocally do–at least tax cuts for the highest earners–is increase economic inequality. Given that economic inequality is one of the biggest problems we face in this country right now, this conclusion is very important.

  1. bobbo, one Real Liberal making Obama a Conservative by comparison says:

    Why was Obama elected without “carefully examining [his] background, character, career, and plans,” while ignoring the fact that he lacked any record of significant achievements? /// He voted against the War in Iraq. He promised change and we hoped he would.

    The Alternatie was the McSame policies that drove us into the ditch >>>>>>>>>>>JUST AS IT IS NOW.

    You may want the fire, but I chose the frying pan.

    Same as it ever was.

    • ECA says:

      and what education is required for president or congress, representatives??

      HOW about the 1000′s of idiots that have jobs NOT requiring election?? that surround them..
      NONE to very little…

  2. Hyph3n says:

    Mitt romney’s campaign is not about the fact checkers.

  3. Taxed Enough Already Dude says:

    Yes Uncle Dave, lower taxes are an evil GOP conspiracy…not what the American People want.

    Go to any factory left, or office, and ask folks if lower taxes is something they want…and to a man and woman they will yell, at the top of their lungs, they want OBAMA to have the money, for green tech jobs of the future and other sound investments.

    • Taxed Enough Already Dude says:

      Obama’s frugal use of the taxpayer’s money is well documented, examples of superb stewardship uncountable.

      Notice how he saved money on security for our Libyian Ambassador, while giving the Muslim Brotherhood in Egypt billions…and perhaps even saving more money by handing over the Blind Cleric…

      Anyone not recognizing the brilliance of shutting down American oil, gas, coal production while investing billions to do the same in Mexico etc, is delusional like Letterman says.

  4. NewformatSux says:

    Where did they get that last chart? It’s not in the paper or the appendix.

  5. pedro says:

    Uncle Dave seems to want the US to become Greece where they are finally celebration full slavery by people working for nothing.

    It’s cool to get everything from daddy government… until it has to get loans from the greedy banks to keep the slaves happy

  6. ECA says:

    Do you want a solution tho…to haveing so many UNEMPLOYED??

    Its been done once, and can be done again..

    Have the State/fed employ, and then TAX the beans out of the corps to pay for it..

    Then put all these low paid employees to work on the infrastructure in this nation.

    PUT 50,000,000 people to work. there is TONS of knowledge out there waiting for OUTPUT.

    PEOPLE with JOBS pay taxes.

  7. Grey Bird says:

    Well, I think that the statement: “Unlike middle class and upper middle class folks the country’s highest earners don’t spend all the money they earn. So this money doesn’t get circulated back into the economy, where it can become revenue for other companies and salaries for other workers.” pretty much sums up what history has shown to be true. A larger middle class will spend more money and drive the economy to grow. The “trickle-down” theory has been proven over an extended time not to work. When the ultra-rich get more money, they don’t spend it to create jobs.

  8. NoMoreETard says:

    Interestingly enough, it turns out the guy that produced this report is an Obama supporter. Sure sounds non-partisan to me!!

  9. Somebody says:

    Yes, and once upon a time doctors applied actual leeches to their patients.

    Turned out though, that wasn’t such a good idea.

    Maybe in a few hundred years the word will get out that leeches aren’t so good for the economy either.

    Of course, you won’t hear that from the leeches.