But the first paragraph refutes the headline: "Allowing income tax rates to rise for wealthy Americans would not hurt U.S. economic growth much (emphasis added) in 2013 ..." The CBO did not say, as the headline suggests, that raising taxes on the rich has no negative economic effect. In fact, the CBO actually said that extending the Bush-era rates for all would increase economic growth by 1.5 percent. If, however, the Bush era rates expired for the rich -- but...
Romney never said to Obama in the debates: "Mr. President, your proposed tax increase will do almost nothing toward balancing the budget; your 'balanced approach' is a fiction. In fact, given that it really won't accomplish anything at all except slow the economy a little, is there any reason to do it other than slap the rich around a little? And since they'll pass that cost on to us every time we buy their goods and services, you won't even accomplish that!"
Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says."
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