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What Pro-Growth Means To The GOP

By The Reverend Published: November 29, 2012

Republicans demand "pro-growth" policies. They say it, like, all of the time. Paul Ryan: "We have to show the country that we have a pro-growth plan to get people back to work, to get this economy growing again."  Here's the same GOP policy, written by GOP'er Ed Rogers from the negative perspective, but saying the same thing: Republicans should at least make a clear case outlining why we are against raising anyone's taxes. Simply put, raising taxes is anti-growth.....So Republicans, don't go wobbly; protect the idea that the GOP is the pro-growth party.

You may find it odd that in the real world there is no cause and effect relationship between cutting taxes and our national economy growing jobs, consumer demand or GDP. But that's the truth. And that is because cutting taxes, especially those that primarily benefit high income earners, does not result in more jobs, more consumer demand, or a higher GDP for the nation.

NY Times, Nov.1st.....

The Congressional Research Service has withdrawn an economic report that found no correlation between top tax rates and economic growth, a central tenet of conservative economic theory, after Senate Republicans raised concerns about the paper’s findings and wording.

You may need to re-read that sentence. A research department of Congress issued an economic report that "found no correlation between tax rates and economic growth" and Senate Republicans, whose only economic policy is cutting taxes and calling those cuts "pro-growth"....had the report withdrawn.

Perhaps Senate Republicans had the report withdrawn because the Research Service concluded that over the past 65 years.....yes, 65 years.....changes in the top tax rate “do not appear correlated with economic growth.”  Because the only economic policy Republicans espouse is tax cuts, and because Republicans call those tax cuts "pro-growth".......any Congressional Research Service report which debunks the cause and effect nature of cutting taxes equaling "growth".....must be silenced.

If one needs further evidence that cutting taxes is really not "pro-growth" when it comes to our nation's economy, then go here and read the Henry Blodgett piece or just peruse the charts. The evidence....not Republican Party hype....is conclusive. Not only do tax cuts not "grow" anything other than the accounts of very rich Americans, but in our nation's modern history, tax cuts have led directly to greater economic inequality.....as Blodgett states...

Although tax cuts do not appear to spur economic growth, they DO appear to lead to greater economic inequality.

So, as John Boehner, Mitch McConnell, Eric Cantor, Paul Ryan and all the usual pro-growth-spouting suspects tell viewers and audiences repeatedly that Republicans have a "pro-growth" plan to right the economy.....what they really mean is that cutting taxes "grows" the bank accounts, the total net worth of already very rich people. What Republicans do not mean.....because there isn't the slightest shred of empirical evidence to support it.....is that lowering taxes will result in growing jobs, consumer demand or GDP.

The corollary of such a "growth" policy.....I'm sad to say..... is even more depressing. While Boehner, et.al., are cheerleading for growing the bank accounts of very rich people through further tax cutting....what they are also cheerleading for is greater economic inequality.

Tax cuts do not pay for themselves. Tax cuts do not result in higher government tax revenues. Tax cuts have not proven to stimulate national economic growth. Cutting taxes grows the wealth of the already rich. Cutting taxes grows the economic inequality gap in our country.

Conservatives and Republicans who continue to chant the tax cutting, pro-growth mantra are simply mistaken....as in, wrong.....OR....they are being purposely deceitful.  Conservative pro-growth economic policies recommending tax cutting our way to economic growth are little different from Mother Goose stories. Repeat them often enough and you may be lulled to sleep, as our nation has done for over 30 years now,......but in the end, make-believe is make-believe.

Time to wake up.
 



 

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