Thursday, December 13, 2012

THE CRS RELEASED A DO-OVER BUT THE RESULT

is the same: Raising taxes on the rich won't turn America into N. Korea:
New language, same findings: Tax hikes on the rich won’t cripple the economy

Posted by Suzy Khimm on December 13, 2012 at 4:33 pm
WaPo

The CRS has now released a revised edition of the report that changes some of the language that Republicans had found most objectionable, bolsters the arguments cited in favor of tax cuts and clarifies its methodology. But its underlying conclusion about the Bush tax cuts remains the same.


But House Democrats stress the fact that the bottom line of the report remains exactly the same: “The results of the analysis suggest that changes over the past 65 years in the top margin rate and the top capital gains tax rate do not appear correlated with economic growth.”

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