Monday, October 18

Do higher tax rates hurt growth?

Yes. Dan Mitchell writing at Cato at Liberty, asking and answering these questions:

Given what we now know about the increase in economic freedom under Clinton and the loss in economic freedom under Bush, is anybody surprised that the economy did better under Clinton than it did under Bush?

Does anybody think that the economy prospered under Clinton because he raised tax rates in 1993?

Does anybody think the economy was anemic under Bush because he lowered taxes in 2001 and 2003?

Article is here.