ABU DHABI / WAM Following consultations and approval of President His Highness Sheikh Mohamed bin ...
Read More »Connection between tax cuts, growth is sketchy
“Do we have any historical evidence that lowering tax rates, particularly among the richest strata, generates economic growth, as the Republicans always predict? Has this ever worked?†—A reader The answer is ‘no.’ As Congress tackles “tax reform,” we really don’t have conclusive historical evidence of the relationship between tax rates and economic growth. To be sure, studies abound, but ...
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