Economic Scene: Tax Cuts, Sold as Fuel for Growth, Widen Gap Between Rich and Poor

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New research undermines the contention since the 1970s that lower rates stimulate the economy. What they seem to do instead is increase inequality.

view The New York Times: Business
#united states economy
#income tax
#income inequality
#federal taxes us
#economics theory and philosophy
#laffer arthur betz
#piketty thomas