Counter to conservative economic dogma, there is no evidence that tax cuts for the rich result in economic growth. Anyone who paid attention through Reagan, Clinton, and GW Bush can tell you this is the case, but there’s ample analysis supporting this fact. In fact, a new study from the Congressional Research Service, “Taxes and the Economy: An Economic Analysis of the Top Tax Rates Since 1945”, looked at 65 years of evidence and found that tax cuts for the top rates and lowering of the capital gains rates had only one discernible effect: increasing income inequality between the richest and everyone else:
