For those of you who haven't seen the CRS report on this subject, click the following:
The argument about lowering taxes to increase revenue generally goes something like this: with lower taxes, more jobs created. more jobs equals more workers and therefore additional revenue. The analogy is generally to "Grow the pie." According to this study performed in Sept 2012, since WWII there is no correlation to tax rates and job or GDP growth. This means that the analogy is false, because lowering tax rates doesn't "grow the pie." What a lower tax rate does do is allows the top .1% to increase their proportion of wealth in the economy, or "grow their allocation of the pie."
This study is now trying to be buried because it blows up the entire conservative argument on tax policy. They requested this study, did not like the results, and now have tried to cover up the entire ordeal because it is a direct invalidation of their entire governing philosophy when it comes to the economy. We can go into conspiracy theories, but i prefer to not jump down the rabbit hole and stay in the realm of facts and how to use new knowledge presented to us.
This study is a mandate to return the tax rates to Clinton levels, and impose new taxes on capital gains because there is absolutely no correlation between tax rates and job growth, job growth is a slave to demand for products. We need to have a horde of middle class consumers to get the economic engine running.
The wealthy of the country have had a great ride for the past 30 years, but it is time for the elite to sacrifice a little bit more so that the engine that drives prosperity for us all can be overhauled and adapted to the 21st century. The status quo will no longer be acceptable, and holding tax policy hostage to a failed ideology should no longer be tolerated.