Home > Uncategorized > STUDY: Tax Cuts Don’t Lead To Growth – Business Insider

STUDY: Tax Cuts Don’t Lead To Growth – Business Insider

September 22, 2012 Leave a comment Go to comments

One economic theory has been repeated so often for so long in this country that it has become an accepted fact:

Tax cuts spur growth.

Most Americans have gotten so used to hearing this theory that they don’t even question it anymore.

One of our two Presidential candidates is so convinced of the theory that he has built his entire economic plan around it–despite the huge negative impact additional tax cuts would likely have on our debt and deficit.

But is the theory true? Do tax cuts really spur growth?

The answer appears to be “no.”

According to a new study by the Congressional Research Service (non-partisan), there’s no evidence that tax cuts spur growth.

via STUDY: Tax Cuts Don’t Lead To Growth – Business Insider.

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