Tax Cuts For The Rich Linked To Income Inequality, Not Economic Growth, Study Finds

A new study by the nonpartisan Congressional Research Service has found that over the past 65 years, tax cuts for the rich have not led to economic growth and instead are linked to greater income inequality in the United States.

The study found that cutting taxes for the rich does not increase saving, investment, or productivity growth. “The top tax rates appear to have little or no relation to the size of the economic pie,” the study said.

Read the whole story on Huffington Post

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About James Crist

How do we stop America's decline? The country is in trouble and we can all feel it. Where did we go wrong? How do we fix it? We now have an auction-based government, for sale to the highest bidder. Politicians have become nothing more than corporate whores and pawns for the rich. If we want our representatives to represent us, let them get their campaign money from us, their constituents. We have to amend the constitution to get the big money out of politics.
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