But the massive tax cuts for the wealthy under President George W. Bush didnt stave off the recession and arguably precipitated or worsened the fall. Moreover, the nonpartisan Congressional Research Service has conclusively determined that tax cuts for the rich do not spur economic growth. To the contrary, theres evidence that tax cuts hurt growth. In fact, the only thing tax cuts unequivocally do, according to the study? Tax cuts increase economic inequality.
Posted on: Wed, 21 Jan 2015 05:10:50 +0000
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