Friday, September 14, 2012

PERRspectives: THIS JUST IN: Tax Cuts for Rich Still Don't Drive Economic Growth

PERRspectives: THIS JUST IN: Tax Cuts for Rich Still Don't Drive Economic Growth
"When it comes to the subject of taxes, virtually article of faith held dear by Republicans has been proven false. For example, it's not true that "tax cuts pay for themselves" or that they increase revenue. Now, two new studies cut right to the heart of the bogus conservative claim that slashing tax rates for the richest Americans fuels job creation and economic growth. As these data are the just the latest to confirm, cutting taxes for "job creators" doesn't create jobs, but instead only produces a growing chasm of inequality and mountains of debt."