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Thursday, December 13, 2012

Suppression of Congressional Research Service Report Reversed

Just as quietly as it happened, the Republican suppression of a Congressional Research Service (CRS) report showing the lack of relationship between top tax rates and economic growth has apparently been overcome. Jared Bernstein reports today that the report is back up. You can find it on the CRS website here.

What made this report so objectionable to Republicans was that it showed no relationship between the top tax rates and economic growth rates, and went beyond simple correlation analysis to more complex analysis that statistically controlled for other potential causes, known as regression.

Moreover, it performed the same series of analyses on the data for tax rates and inequality, showing that a low top tax rate contributes to economic inequality, again controlling for other potential causes.

It is good to see that the non-partisan CRS is still allowed to post the results of its own research. But it's bad that there could ever have been any question of it.

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