CRS Reposts Supressed Document on Tax Policy

December 13th, 2012 at 9:06 pm

Well, I guess all’s well that ends well, but this whole episode still freaks me out a bit…maybe more than a bit.

As I recount here, the non-partisan Congressional Research Service initially withdrew this paper showing that there’s little correlation between changes in high-income tax rates and either economic growth or investment.  There is, however, a negative correlation between such changes and income inequality (lower tax rates and high-incomes are assoicated with higher levels of inequality).

Well, the paper’s back up on their site now, with apparently few changes–certainly nothing substantive.

The whole episode just amplified the extent to which facts are on the run these days.  And that just can’t be good.

Print Friendly, PDF & Email

One comment in reply to "CRS Reposts Supressed Document on Tax Policy"

  1. Tyler Healey says:

    I think the best way to reduce income inequality is to increase the income of the poor. This can be done by abolishing the payroll tax, raising the federal minimum wage to a humane level, and raising Social Security benefits.

    I recommend a recent article by Warren Mosler called “The MMT Grand Bargain: Raise Social Security Benefits and Suspend FICA”.