Debt and taxes - and politics at its most cynical
Washington
A reader once asked: "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?"
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 they are of two distinct types that - at least superficially - contradict each other.
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Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access