“Tax cuts create prosperity.” Data from 1913 to present says otherwise
May 8, 2010 | In: Resources
One of our members, who joined via the website, emailed his in-depth analysis of the well-tread assumption that “tax cuts create jobs”. According to Sid, “It proves statistically that there is no relationship between either low taxes and prosperity, or high taxes and recession over the entire period of income taxation in the U.S., 1913 to the present.”
What do you think? Is he right? Wrong? Back it up with more (or counter) data in the comments!