What do you do when the Congressional Research Service, the completely non-partisan arm of the Library of Congress that has been advising Congress—and only Congress—on matters of policy and law for nearly a century, produces a research study that finds absolutely no correlation between the top tax rates and economic growth, thereby destroying a key tenet of conservative economic theory?
If you are a Republican member of the United States Senate, you do everything in your power to suppress that report—particularly when it comes less than two months before a national election where your candidate is selling this very economic theory as the basis for his candidacy.
Initially released on September 14, 2012, the study—authored by Thomas Hungerford who is a specialist in public finance at the C.R.S.—correlated the historical fluctuations of the highest income tax rates and tax rates on capital gains dating back to World War II with the economic growth (or lack of the same) that followed.
Lowering the tax rates on the wealthy and top earners in America do not appear to have any impact on the nation’s economic growth.
Note that Dr James Hansen is a Climate Alarmist, recently retired from NASA GISS, and even he is attempting to explain the pause in global warming. And he is one of the people claiming that CO2 needs to be reduced...
Why are people attempting to explain the pause in global warming if it isn't happening?
We really stand apart.
That isn't a good thing, though. Some people claim that the U.S. has the best healthcare system in the world. The most expensive, yes, but not the most efficient.
The PP and ACA should help to improve that in several ways. First, the cost of healthcare in the U.S. will be held down (over the past three years, the ACA has already helped keep the increases to the lowest levels ever recorded). Second, the necessary treatments will be far more accessible to everyone before the effects of the injury or disease is allowed to get out of hand.
- University of Wisconsin-MadisonMath
- North Carolina State UniversityMath
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