Another blow to the 'trickle-down' propaganda crap we've been subjected for decades now. Wise up people. Read and learn and educate thyself.
Study: Tax Cuts for the Rich Don't Spur Growth - Yahoo! Finance
Study: Tax Cuts for the Rich Don't Spur Growth - Yahoo! Finance
Cutting taxes for the wealthy does not generate faster economic growth, according to a new report. But those cuts may widen the income gap between the rich and the rest, according to a new report.
A study from the Congressional Research Service -- the non-partisan research office for Congress -- shows that "there is little evidence over the past 65 years that tax cuts for the highest earners are associated with savings, investment or productivity growth."
In fact, the study found that higher tax rates for the wealthy are statistically associated with higher levels of growth.