March 30, 2013

PERRspectives: As CBO Predicted, Higher Taxes Not Hurting Spending by the Rich

PERRspectives: As CBO Predicted, Higher Taxes Not Hurting Spending by the Rich
"according to a new survey, a majority of those earning over $500,000 a year report that the new higher rates on income and capital gains have not impacted their spending, charitable giving or investment strategies. As it turns out, the Chicken Little conservatives could have spared themselves this embarrassment had they just heeded the lessons of American history and the predictions of the Congressional Budget Office."