Effectiveness of Tax Cuts on Lifting the Economy Is Unproved
Posted by Mitch Corlett on March 12, 2013
We found this article to be worthwhile:
"... there’s no clear evidence that lower tax burdens have helped the United States grow faster than other advanced industrial nations with higher tax rates and much heavier tax burdens. Economic growth per person in the United States was a little faster than in France or Australia over the last 40 years. But it was a little slower than in Austria, Germany and the Netherlands, according to data from the Organization for Economic Cooperation and Development, a research organization for the world’s richest countries. While high taxes do have an effect on variables that affect growth, many other factors are much more significant and overshadow whatever taxes do."