Another study warns of slower economic growth with higher taxes

from United Liberty - Free Market - Individual Liberty - Limited Government by jpye:

Another study warns of slower economic growth with higher taxes:

The Congressional Budget Office (CBO) warned back in May that failing to extend the 2001 and 2003 tax cuts would, in these very tough economic times, lead to yet another recession. Higher taxes would, according to the CBO, “discourage people from working and saving, further reducing output and income.” That would seem to most like a basic understanding of economics. Unfortunately, President Barack Obama is unconcerned and is leaving no one to believe that he is willing to make a deal to keep this from happening.
But another study shows that if taxes aren’t kept at current rates, that it will slow economic growth, taking the economy down a tumultuous path:[...]