Thanks for the link. Now, lets put the two things together.
Jan 1982 taxes were cut....unemployment rose for 14 straight months
Jan 1993 taxes were raised....unemployment dropped for 24 straight months
Jan 2003 taxes were cut....unemployment rose for 8 months and then dropped for 29 months
Jan 2013 taxes were raised...unemployment dropped for 60 months.
/----.
"Jan 1982 taxes were cut....unemployment rose for 14 straight months " It did not. It spiked in 1983 then went down
US Unemployment Rate by Year
Jan 1, 1989 5.40%
Jan 1, 1988 5.70%
Jan 1, 1987 6.60%
Jan 1, 1986 6.70%
Jan 1, 1985 7.30%
Jan 1, 1984 8.00%
Jan 1, 1983 10.40%
Jan 1, 1982 8.60%
Jan 1, 1981 7.50%
Jan 1, 1980 6.30%
You are aware that 14 months from Jan 1982 is in 1983? Right? There are 12 months in a year, so 14 months would move you to the next year. Do I need to draw you a picture?
/----/ You're correct. My bad. I was thinking 14 years.
Its cool, we all make mistakes.
Here is my bottom line, I am a numbers guy, it is what I do for a living. I am not a theory guy, so when someone gives me a theory not backed up by numbers I pretty much dismiss it.
The numbers show that there is very little, if any correlation between tax rates and employment rates. As such, I do not believe there is any correlation between tax rates and employment rates.
Just like with tax cuts and revenue increases, the numbers show that revenue growth is slowed after a tax cut. The numbers are indisputable, the only argument against it is "in theory" tax cuts bring in more money.
A few days ago there was a thread about GDP growth and tax revenue growth where the OP tried to claim that the former led to the latter. Yet, his own numbers showed there was only a very weak correlation between the two. It sounds good in theory, but the numbers do not actually back it up.
Most things that sound good in theory, but our economy is much too complex for anyone one thing to have a large impact on it.