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Zalatix

(8,994 posts) Fri Nov 2, 2012, 10:07 AM Nov 2012

Proof that Capitalism is little more than religious superstition [View all]

"Lower taxes = economic growth" is an item of faith. Couldn't have said it better.

http://news.yahoo.com/u-agency-withdraws-tax-report-challenging-republican-ideas-215057131.html

WASHINGTON (Reuters) - A U.S. government agency has withdrawn a report that challenged Republican ideas about taxes and economic growth - an action that drew fire from Democrats who accused it on Thursday of bowing to political pressure.

Republican lawmakers blasted the Congressional Research Service (CRS) report when it was issued in September and then went to the agency to complain. The report suggested that lower tax rates on the wealthy are not linked to economic growth, an item of faith among many conservatives.

The CRS, a non-partisan arm of the Library of Congress, withdrew the report in an unusual move late last month, the agency confirmed on Thursday.

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Proof that Capitalism is little more than religious superstition [View all] Zalatix Nov 2012 OP

Study was inconclusive. That's probably true for stimulus packages with borrowed $ also. jody Nov 2012 #1