- Recorder Online - http://www.berthoudrecorder.com -
Trickle down doesn’t work
Posted By Editor On November 10, 2012 @ 4:23 pm In National & World News | Comments Disabled
By William Boardman
Congressional research service meets republican memory hole
Late on a Friday in September, the Congressional Research Service (CRS) , a respected agency within the Library  of Congress, released a report  concluding, in effect, that there is no objective support for core Republican economic policies. Reducing the top tax rates, the report concludes, has no correlation with the nation’s economic growth, but does contribute to the growing gap between the wealthy and the rest of Americans.
Some  media  reports  followed , and then two weeks later the CRS report quietly went away from the CRS website without having had much impact, even though it was a non-partisan debunking of Mitt Romney’s core economic argument. More than a month later, the New York Times published a story asking, in effect, “Now what was that all about?” One answer to the mystery turned out to be that Republican pressure on the CRS over the style and content  of the report  had effectively sent it down the collective memory hole.
Now the Congressional Budget Office  has reached essentially the same conclusions , in a report  issued November 8. So far, this report is still standing, but Republican intensity  in defense  of tax cuts for the wealthy is growing as their December 31 expiration date approaches.
Political Pressure Produces Political Silence
Article printed from Recorder Online: http://www.berthoudrecorder.com
URL to article: http://www.berthoudrecorder.com/trickel-down-doesnt-work/
URLs in this post:
 Republicans Try to Suppress Facts: http://www.opednews.com/articles/Republicans-Try-to-Suppres-by-William-Boardman-121109-282.html
 (CRS): http://www.loc.gov/crsinfo/
 Library: http://www.loc.gov/about/history.html
 report: http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf
 Some: http://miami.cbslocal.com/2012/09/17/congressional-research-service-tax-cuts-for-wealthy-doesnt-boost-economy/
 media: http://tpmdc.talkingpointsmemo.com/2012/09/crs-study-taxes-economic-growth.php
 reports: http://blogs.wsj.com/economics/2012/09/14/report-tax-cuts-for-wealthy-linked-to-income-inequality/?mod=WSJBlog&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+wsj%2Feconomics%2Ffeed+%28WSJ.com%3A+Real+Time+Economics+Blog%29tab/print/tab/print/
 followed: http://www.businessweek.com/articles/2012-09-20/do-personal-income-tax-cuts-grow-the-economy-again-no-dot
 content: http://blog.heritage.org/2012/09/17/congressional-research-service-wrongly-implies-lower-tax-rates-dont-strengthen-economy/print/
 report: http://taxfoundation.org/blog/retracted-crs-report-taxes-and-growth-flawed-still-cited
 Office: http://www.cbo.gov/publication/43694
 conclusions: http://news.firedoglake.com/2012/11/08/cbo-joins-crs-in-finding-almost-no-economic-impact-from-letting-high-end-bush-era-tax-rates-expire/
 report: http://www.cbo.gov/sites/default/files/cbofiles/attachments/11-08-12-FiscalTightening.pdf
 intensity: http://www.dailykos.com/story/2012/11/09/1159550/-Boehner-Extend-Bush-tax-cuts-for-wealthy-now-deal-with-tax-reform-later
 defense: http://thinkprogress.org/economy/2012/11/08/1164121/boehner-revives-flawed-study-tax-cuts/
Copyright © 2010 Berthoud Recorder. All rights reserved.