Debunking TYT on Corporate Tax Rates & Economic Growth

The Young Turks think that its silly to assert that lowering corporate tax rates will cause economic growth. While this discussion is a bit more complex than a discussion about tax rates overall, history and common sense confirm that lower taxes lead to economic growth and that higher taxes lead to economic destruction.

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Academic Sources:

Meier, K. J. & Prillaman, S. A. (2014). Taxes, Incentives, and Economic Growth: Assessing the Impact of Pro-business Taxes on U.S. State Economies. The Journal of Politics, 76 (2), 364-379.

Sowell, T. (1995). The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy. New York, NY: Basic Books.

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