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According to progressive demonology, the Supreme Court’s 2010 ruling in Citizens United v. FEC unleashed corporate election spending, allowed fat cats to buy politicians, and turned the U.S. into an oligarchy, more or less. This is a canard, and further proof is a new study that sifts data to see if Citizens United had any effect on state tax policy.
The answer is no. “Ten years after the ruling and for a wide range of outcomes, we are not able to identify economically or statistically significant effects of corporate independent expenditures on state tax policy, including tax rates, discretionary tax breaks, and tax revenues,” the study says. If billionaires were able to buy elections to lower state taxes, you’d think they would have done it by now.
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