Nonpartisan Tax Report Withdrawn After G.O.P. Protest - Yahoo! Finance
The entire GOP strategy is based on the premise that tax cuts stimulate the economy. If that is untrue, what do they have left? Sooner or later, voters will finally catch on to the shell game that the GOP has been playing for decades.
WASHINGTON The Congressional Research Service has withdrawn an economic report that found no correlation between top tax rates and economic growth, a central tenet of conservative economic theory, after Senate Republicans raised concerns about the papers findings and wording.
The decision, made in late September against the advice of the agencys economic team leadership, drew almost no notice at the time. Senator Charles E. Schumer, Democrat of New York, cited the study a week and a half after it was withdrawn in a speech on tax policy at the National Press Club.
But it could actually draw new attention to the report, which questions the premise that lowering the top marginal tax rate stimulates economic growth and job creation.
This has hues of a banana republic, Mr. Schumer said. They didnt like a report, and instead of rebutting it, they had them take it down.
The entire GOP strategy is based on the premise that tax cuts stimulate the economy. If that is untrue, what do they have left? Sooner or later, voters will finally catch on to the shell game that the GOP has been playing for decades.