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Obama’s step in the right direction

October 16, 2012
Parkersburg News and Sentinel

Leonard Burman, professor of economics at Syracuse University's Maxwell School, presented a graph at a joint hearing of the Senate Finance and House Ways and Means Committees on the "treatment" of capital gains, that plotted capital gains tax rates against economic growth from 1950 to 2011. He found no statistically significant correlation between the two. This was true even if Burman built-in lag times of five years.



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