Login or Register
Welcome , Settings |  Logout

WSJ: Democrats Playing Politics With CRS Paper on Taxes

Friday, 02 Nov 2012 10:50 AM

By Newsmax Wires

Share:
More . . .
A    A   |
   Email Us   |
   Print   |
Democrats have politicized a Congressional Research Service (CRS) paper on taxes to use it as a weapon against Republican presidential candidate Mitt Romney, according to a Wall Street Journal editorial.

The paper, written by Obama donor and former Clinton White House official Thomas Hungerford, claims that 65 years of changes in "top tax rates have had little association with saving, investment or productivity growth."

The report came out in September and was picked up by liberal media and used in a speech by New York Democratic Sen. Chuck Schumer to attack tax reform.

Republicans contested the study, noting that “multiple peer-reviewed studies that have found a significant relationship between cuts in tax rates and the pace of capital formation, investment and economic growth,” the editorial states.

CRS officials then took the study off the group’s web site. CRS deputy director Colleen Shogan wrote in an e-mail to a Republican Senate staffer that she gave Hungerford's manager "a list of concerns I would want addressed in a future version. . . . In particular, I want a better, more robust defense of the methodology in the paper."

Now Democrats are on the offensive, “trying to portray Mr. Hungerford as a victim of censorship due to GOP pressure,” the editorial states. “And Thursday they got an impressionable Jimmy Olson at the New York Times to buy the spin.” An article about the brouhaha appears on the front page of The Times business section Friday.

“This episode is nonetheless a significant blot on the CRS reputation for unbiased research,” The Journal editors write.


© 2013 Newsmax. All rights reserved.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
Hot Topics
Top Stories
Around the Web
You May Also Like

Officials Warn of Commuter Chaos from Connecticut Derailment

Sunday, 19 May 2013 20:50 PM

Thousands of Connecticut commuters should brace for travel chaos on Monday as Metro-North workers repair damage on the U . . .

Peter Morici: As CEO, Obama Gets an 'F' for IRS, Benghazi, Obamacare

Sunday, 19 May 2013 20:18 PM

CEOs of large organizations all face the same problem driving their agendas in organizations too diverse and geographi . . .

Small Fla. City Wonders Who Won $590M Powerball Jackpot

Sunday, 19 May 2013 20:02 PM

Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a winning Power . . .

 
 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved