A 2012 Tax Foundation report asserted that “nearly every empirical study of taxes and economic growth published in a peer-reviewed academic journal finds that tax increases harm economic growth.”[2] The report cited 26 studies (19 on the impact of federal or national taxes on national growth and seven on the effects of state taxes on state growth), claiming that 23 of them find that taxes have a “negative” effect on economic growth, while the other three find a “neutral” effect.
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