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14 March 2013

Lower Taxes Still Don't Create Economic Growth

One of the most widely made economic policy claims, usually by Republicans, is that lower taxes lead to economic growth.

In fact, there is no empirical evidence to support that claim despite numerous studies attempting to show that this is the case.  Instead, the average impact, to the extent that there is any relationship between overall taxation burdens and economic growth, is that higher taxes lead to slightly stronger economic growth.

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