Thursday, December 5, 2013

Trickle-Down Economics and Broken Promises

www.americanprogress.org/issues/economy/report/2013/12/04/80381/trickle-down-economics-and-broken-promises/
"Yet empirical economic data show that these misguided policies did not deliver on their promises, as our nation’s economy after the tax increases of 1993 significantly outperformed the periods after tax cuts in the 1980s and 2000s. Investment growth, productivity growth, employment growth, middle-class income growth, national fiscal health, and overall economic growth were weaker or declined under trickle-down policies."

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