Tuesday, October 25, 2011

Actually Tax Cuts Don't Seem to Have Much Impact on Economic Growth...

Amplify’d from www.huffingtonpost.com

My point, and I do have one -- is that ideology is a poor substitute for pragmatic approaches to complicated problems. In fact the evidence that tax rates influence economic growth in any way is equivocal at best. A myriad of other factors are involved. Simply reducing tax rates, and primarily for the wealthy, may hinder -- rather than enhance our economic recovery.

Table 1: Comparison of mean marginal tax rates and mean real GDP growth rate
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