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Showing blog posts tagged with Congressional Research Service

Republican Senators Block Congressional Research Service Report They Don't Agree With

Photo courtesy of Gage Skidmore

Senate Minority Leader Mitch McConnell (R-Ky.) and other Republican senators objected to a report from the Congressional Research Service (CRS), the Economic Policy Institute (EPI) reported, which led to the report being withdrawn by the CRS. The report shows that CRS found no correlation between reductions in top tax rates and economic growth, and little association with savings, investment or productivity.

CRS writes:

The evidence does not suggest necessarily a relationship between tax policy with regard to the top tax rates and the size of the economic pie, but there may be a relationship to how the economic pie is sliced.

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