The report notes that tax rates were at the highest when growth was at its peak, and that the reduction in rates has not had any discernible impact on the types of investment that lead to growth. Rather than acknowledge the findings, however, Senate Republicans successfully pressured the CRS to withdraw the report. It is reminiscent of a different era, when news the government didn't like was simply suppressed.
The important point here is the rigorous conclusion reached by the study: Raising the top income tax rate to 39.6 percent will not have any of the damaging consequences that the Grover Norquists of the world suggest. A week after the political and ideological battle for slightly higher taxes on the wealthy was won, we now have a careful analysis supporting the same course. Facts matter. And in this case, fairness wins.
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