We now have the analysis, a fascinating report just issued by the Congressional Research Service. The CRS is a nonpartisan entity that produces academic-quality research to answer tough policy questions. The bottom line conclusion of the CRS report is this:
The reduction in top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution.
read more; http://www.slate.com/blogs/spitzer/2012/11/12/congressional_research_service_tax_report_why_republicans_freaked_out_about.html
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