Eduardo Porter has an excellent and important article on the relationship between tax rates and economic growth. Here’s a surprise, it’s nothing like conservatives want you to believe. He shows that much higher marginal tax rates on the wealth would not significantly harm economic growth. Other research suggests that the standard line that tax cuts always promote economic growth is also doubtful.
|By: David Dayen Wednesday March 28, 2012 1:45 pm|
|By: cocktailhag Thursday March 22, 2012 8:00 pm|
A chorus of unconvincing shock arose when Mitt Romney’s flack so blithely admitted that whatever bonkers positions he’s taken to appeal to the craziest of Republican primary voters could simply be shaken away like the scribbles on an Etch-A-Sketch, and general election voters would be none the wiser. Although Romney’s desperate and flailing rivals evidently cleaned out Toys-R-Us to capitalize on this supposed gaffe, in fact his statement is anything but controversial; from Karl Rove’s K Street money-laundering shops on down to the lowliest Mississippi trailer park, Republicans applaud lying, as long as it wins elections. And for them, anyway, the lying tends to pay off.
Promising one thing and delivering its diametric opposite has a long and hallowed tradition in Republican politics.
|By: David Dayen Monday August 2, 2010 3:05 pm|
Cantor concedes that the economy matters more than the deficit, a key bit of info. But if you think that paves the way for a legitimate discussion of these issues you haven’t seen one Washington Republican speak over the past decade.