Study shows higher taxes lower real GDP

Saturday, August 6th 2022, 7:48:49 pm
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One of the main planks of President Biden and congressional Democrats' agenda is making corporations and high-earning Americans "pay their fair share" through higher taxes. But a recently published analysis in the journal SAGE Open delving into sixty years of U.S. economic data from 1960 to 2020 suggests that their proposal, if implemented, could backfire.

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