Why tax cuts dont create jobs

[Truthmatters]

Why Tax Cuts Don’t—and Won’t—Create Jobs - Working In These Times


The idea that cutting business and wealthy investors' taxes originated in 1961 with then President John F. Kennedy. But at that time business investment tax cuts were tied to proven job creation. Businesses had to prove they added jobs before they could claim the tax cut. That was changed with Reagan. Now businesses could get the tax credits even if they didn't create jobs. Their taxes were cut even if it meant they reduced jobs. By the time of George W. Bush, businesses could claim tax cuts for investments made offshore. GM cut hundreds of thousands of jobs in the U.S. while adding thousands in China. Ford cut jobs while adding them in St. Petersburg, Russia. Corporations could claim the investment tax cuts, even if jobs were created offshore and simultaneously eliminated in the U.S. In effect, U.S. taxpayers were paying US corporations to send their jobs overseas.

 

[Truthmatters]

President Kennedy Appeals to the Congress for a Tax Cut - 1961

 

[Toro]

Generally, the private sector does a better job than the public sector at creating jobs, at least over the long run. Thus, the more money in the hands of the private sector, the more jobs there will be.

 

[Bern80]

I fully admit that it is true. In of themselves, tax cuts don't create jobs. I guess MY question is what is that an argument for? The only thing I can tell it would for is simply not using that argument because it is not entirely accurate. Is the fact that tax cuts in of themselves don't create jobs somehow suppossed to be an endorsement of some to other type of job creating policy?

 

[Truthmatters]

You didnt read it did you.

 

[Revere]

Unemployment will stay at 10% or go higher until Obamacare is repealed.

 

[Truthmatters]

You dont even know what you are talking about revere.

 

[CrusaderFrank]

Soviet style central planning failed for the Soviets, for Hoover, for FDR and now for Obama.

Get a fucking clue.

 

[Truthmatters]

Generally, the private sector does a better job than the public sector at creating jobs, at least over the long run. Thus, the more money in the hands of the private sector, the more jobs there will be.

Not if they are not given incentives to spend their tax cuts for job creation.

 

[CrusaderFrank]

Banks have a trillion? What a fucking joke! They have 50 times that in bad derivatives

 

[CrusaderFrank]

Generally, the private sector does a better job than the public sector at creating jobs, at least over the long run. Thus, the more money in the hands of the private sector, the more jobs there will be.

Not if they are not given incentives to spend their tax cuts for job creation.

Are you really THAT stupid?

 

[Truthmatters]

Soviet style central planning failed for the Soviets, for Hoover, for FDR and now for Obama.

Get a fucking clue.

So now you are against the tax cuts frankie?

 

[CrusaderFrank]

Soviet style central planning failed for the Soviets, for Hoover, for FDR and now for Obama.

Get a fucking clue.

So now you are against the tax cuts frankie?

I'm all for tax cuts.

I favor a 5 year moratorium on corporate income tax for any new business

 

[Truthmatters]

Obama is on your side on this one asshole

 

[Bern80]

You didnt read it did you.

Nope. I didn't think I needed an article, that reaffirms the statement made in the thread title, to tell me what I already know to be true.

We both agree it's true, to an extent. My question is what is your point? What conclusions am I to draw about YOUR postion?

That we should RAISE taxes to create jobs?

That lowering taxes depletes jobs?

 

[CrusaderFrank]

You didnt read it did you.

Nope. I didn't think I needed an article, that reaffirms that statement made in the thread title, to tell me what I already know to be true.

We both agree it's true, to an exten. My question is what is your point? What conclusions am I to draw about YOUR postion? That we should RAISE taxes to create jobs?

You didn't miss a thing. It was written by a moron: "The idea that cutting business and wealthy investors' taxes originated in 1961 with then President John F. Kennedy."

What?

 

[Revere]

Obama's back door regulation through DHHS and the EPA, among others, more than compensates for any job creation benefit tax cuts might have.

There will be no job growth until the most anti-business President in 80 years is back on the beach in Hawaii permamently.

 

[Truthmatters]

Some of the best years this country has had had 70 to 90 % tax rates on the 2%

 

[Truthmatters]

Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)

 

[Truthmatters]

Obama's back door regulation through DHHS and the EPA, among others, more than compensates for any job creation benefit tax cuts might have.

There will be no job growth until the most anti-business President in 80 years is back on the beach in Hawaii permamently.

You have no idea what your talking about