Higher Taxes Mean Slower Economic Growth: "President Obama believes his reelection gave him a mandate to raise taxes on high earners. However, top earners already pay high taxes and a further increase could depress overall economic growth and production, say Edward C. Prescott, co-winner of the 2004 Nobel Prize in Economics and director of the Center for the Advanced Study in Economic Efficiency at Arizona State University, and Lee E. Ohanian, the associate director of the center and a senior fellow at the Hoover Institution."
'via Blog this'
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.