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CBO Chart Showing Income Tax Impact On Jobs

This year, Republicans running for the House and Senate are claiming that a reduction of income tax for wealthy Americans is necessary to create jobs.

The following chart was released on September 16 as part of a presentation to economic advisors by the nonpartisan Congressional Budget Office.

When you look at this chart, what do you learn about the Republicans’ claims about the value of income tax reduction as a tool for job growth?

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