In response to:

So What If Taxing Rich Hurts the Economy?

Scrap Iron in Texas Wrote: Nov 22, 2012 10:59 AM
What tax RATES were raised under Reagan? I keep hearing that, but I have not been shown it> And the malarkey about a balanced budget in the 90's is just that, malarkey. There has ALWAYS been a yearly budget deficit since 1957. That can be confirmed at
Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says."

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...