Do tax cuts for the wealthy really help the overall economy and “trickle down” to everyone else? It’s not a trickle question. David Hope of the London School of Economics and Julian Limberg of King’s College London examined 18 developed countries and did the math. “Per capita gross domestic product and unemployment rates were nearly identical after five years in countries that slashed taxes on the rich and in those that didn’t, the study found. But the analysis discovered one major change: The incomes of the rich grew much faster in countries where tax rates were lowered. Instead of trickling down to the middle class, tax cuts for the rich may not accomplish much more than help the rich keep more of their riches and exacerbate income inequality.” 50 years of tax cuts for the rich failed to trickle down. (Maybe it just takes 51 years to fully drip.)

+ NYT: How the Economy Is Actually Doing, in 9 Charts. Not into charts? Here are the words: “These indicators also show that some people are already getting left behind in an uneven recovery as others feel few impacts, or even flourish.” (That’s the economic story of 2020 in one sentence.)

+ WaPo: Nearly 8 million Americans have fallen into poverty since the summer.

+ Meanwhile, Congress is still working on a stimulus deal. Those seem to take a lot longer than tax cut deals for some reason.