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...
Thank you Mr Obvious, unfortunately your simple description of the economy is flawed in so many ways. The economy collapsed based on the failures in the mortgage industry which led to a credit crunch making it difficult for people to buy cars and other major purchases. Bush called for more regulation of the mortgage industry but Dodds, Frank, and Waters said he was just trying to find problems where none existed. Both parties were responsible for this economic mess and now democrats want to follow FDRs ideas that lengthened the Great Depression in the USA while European countries had recovered. Therefore your simpleness brought a flag out for your drivel.
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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