Intellectual Dishonesty – One Report at a Time
When a Congressional
Research Service economic research report determined that there was no
correlation between high marginal tax rates and economic growth, Republicans
were outraged. Since their economic
policy positions are based on unquestionable faith, any independent report by
professional economists that found actual results in conflict
with Republican positions must be wrong.
So Republican pressure resulted in the CRS
withdrawing the report.
The Congressional
Research Service has withdrawn an economic report that found no
correlation between top tax rates and economic growth, a central tenet of
conservative economic theory, after Senate Republicans raised concerns about
the paper’s findings and wording.
What exactly were the GOP’s complaints? Well they went something like this.
Senate
Republican aides said they had protested both the tone of the report and its
findings. Aides to Mr. McConnell presented a bill of particulars to the
research service that included objections to the use of the term “Bush tax cuts” and the report’s
reference to “tax cuts for the rich,” which Republicans contended was politically
freighted.
Gee, we thought the Republicans were proud of the
Bush tax cuts, wanted them made permanent and thought they were the cure of all
the economic ills of the nation.
But here is the real offending portion of the report.
“The
reduction in the top tax rates appears to be uncorrelated with saving,
investment and productivity growth. The top tax rates appear to have little or
no relation to the size of the economic pie,” the report said. “However, the
top tax rate reductions appear to be associated with the increasing concentration
of income at the top of the income distribution.”
Wow, no wonder Republicans wanted legitimate research
squelched, can’t have the truth out there can we?
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