First there was this report, now this. I wonder what Romney, conservatives, et al will say about this… According to a new study by the Congressional Research Service (non-partisan), there’s no evidence that tax cuts spur growth. In fact, although correlation is not causation, when you compare economic growth in periods with declining tax rates versus periods with high tax rates, there seems to be evidence that tax cuts might hurt growth. But we’ll leave that possibility for another day.

First there was this report, now this. I wonder what Romney, conservatives, et al will say about this… According to a new study by the Congressional Research Service (non-partisan), there’s no evidence that tax cuts spur growth. In fact, although correlation is not causation, when you compare economic growth in periods with declining tax rates versus periods with high tax rates, there seems to be evidence that tax cuts might hurt growth. But we’ll leave that possibility for another day.