Researchers Withdraw Tax Report After GOP Complains

It suggested cutting top tax rate doesn't help economy
By Matt Cantor,  Newser User
Suggested by Fondue
Posted Nov 2, 2012 8:42 AM CDT
In this June 26, 2012 file photo, Senate Minority Leader Mitch McConnell of Ky. speaks to reporters on Capitol Hill in Washington.   (AP Photo/J. Scott Applewhite, File)

(Newser) – The nonpartisan Congressional Research Service released a report in September suggesting that cutting the top tax rate didn't aid economic growth; now, amid concerns from Senate Republicans, it has withdrawn the report. The move has sparked anger among Democrats. "They didn’t like a report, and instead of rebutting it, they had them take it down," Sen. Charles Schumer tells the New York Times. "This has hues of a banana republic." A rep for minority leader Mitch McConnell says Republicans "raised concerns about the methodology and other flaws."

Ultimately, the research service "decided, on their own, to pull the study pending further review," the spokesman adds. Among their concerns: The study's author didn't wait long enough to assess the effects of tax cuts, and the report used what the GOP calls loaded phrases like "tax cuts for the rich." It didn't help that the author, Thomas Hungerford, has donated $5,000 to Democrats this election cycle. The GOP may have won the battle, but the fight may just draw more attention to the report, notes the Times.

My Take on This Story
Another brilliant story: Poker Player Is Now $8.8M Richer