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1 ausador  Sun, Nov 4, 2012 9:26:16am

The N.Y. Times article referenced at the Maddow article…

When the top marginal rate was 70 percent or higher, as it was from 1940 to 1980, tax cuts really could make a big difference, notes Donald Marron, director of the highly regarded Tax Policy Center and another former Bush administration official. When the top rate is 35 percent, as it is today, a tax cut packs much less economic punch.

“At the level of taxes we’ve been at the last couple decades and the magnitude of the changes we’ve had, it’s hard to make the argument that tax rates have a big effect on economic growth,” Mr. Marron said. Similarly, a new report from the nonpartisan Congressional Research Service found that, over the past 65 years, changes in the top tax rate “do not appear correlated with economic growth.”

2 Joanne  Sun, Nov 4, 2012 9:43:20am

They did the same thing about rising sea levels in NC. They legislated that it could not be mentioned.

3 Authoritarian F*ckpuddles  Sun, Nov 4, 2012 4:18:39pm

The GOP’s war on reality continues.


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