Election 2012

piercehawkeye45 · 11-01-2012, 04:38 PM

Don't have time to look into it more right now since I think Huffington Post is pretty biased, but this is interesting:

Quote:

The New York Times reported on Thursday that Senate Republicans applied pressure to the nonpartisan Congressional Research Service (CRS) in September, successfully persuading it to withdraw a report finding that lowering marginal tax rates for the wealthiest Americans had no effect on economic growth or job creation.

...

The report is extensive, but the reasoning behind its conclusion is fairly straightforward. The richest Americans are the least likely to spend extra money they get as a result of a tax cut, and are more likely to save it or invest it offshore. Those on the lower end of the economic spectrum, meanwhile, are the most likely to spend transfer payments they receive from the government.

http://www.huffingtonpost.com/2012/1...n_2059156.html

Note that this assumes demand driven growth.

Cyber Wolf · 11-01-2012, 05:49 PM

Also reported by the NY Times

It still seems to be a very new story might be a bit before other news outlets pick it up if they do.

11-01-2012, 05:49 PM	#2
Cyber Wolf As stable as a ring of PU-239 Join Date: Jun 2004 Location: On a huge rock covered in water, highly advanced moss and 7 billion parasites Posts: 1,264	Also reported by the NY Times It still seems to be a very new story might be a bit before other news outlets pick it up if they do. __________________ "I don't see what's so triffic about creating people as people and then getting' upset 'cos they act like people." ~Adam Young, Good Omens "I don't see why it matters what is written. Not when it's about people. It can always be crossed out." ~Adam Young, Good Omens

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