Amy B. Dean: Tax Cuts Create Jobs? Prove It Since the Clinton era, it has been popular even among Democrats to argue that investment in capital and spurring the economy through low tax rates would lead to job creation. But the evidence amassed since then does not support this idea. As Jack Rasmus recently noted, the period between 2001 and 2004, when George W. Bush pushed through a series of tax cuts for investors and corporations in the name of creating jobs, actually saw some of the weakest job creation rates on record following a recession.