Actually Tax Cuts Don’t Seem to Have Much Impact on Economic Growth…

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My point, and I do have one — is that ideology is a poor substitute for pragmatic approaches to complicated problems. In fact the evidence that tax rates influence economic growth in any way is equivocal at best. A myriad of other factors are involved. Simply reducing tax rates, and primarily for the wealthy, may hinder — rather than enhance our economic recovery.

Table 1: Comparison of mean marginal tax rates and mean real GDP growth rate

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