The Congressional Research Service released a study that finds almost no relationship between reducing the highest federal income tax rates and stronger economic growth. CRS looked for a relationship between the gradual reduction in tax rates among the high income people and things like the savings rates, productivity growth and per capita GDP. (The top tax rate paid by high income people declined from about 94% in 1945 to about 35% in 2007.)
A November 1 deadline is fast approaching for EPA and environmental groups to reach a settlement on a lawsuit that could have huge implications for agriculture. Several environmental groups sued EPA back in January 2011 charging that EPA violated the Endangered Species Act when approving some 300 pesticides. The settlement talks have been underway since May 2011. Depending on the outcome of the settlement talks or the outcome of the court case the pesticides could be removed from the market while EPA studied the effects on some 200 endangered species, a process that could take years. Several groups are acting as interveners in the settlement talks to try to protect the interests of the agriculture sector.