Thursday, November 18, 2010

Bush Tax Cuts Didn’t Promote Economic Growth

No kidding, Sherlock.

I mean this as a serious question, not a rhetorical one: Given this history, why should we believe that the Bush tax cuts were pro-growth?

Is there good evidence the tax cuts persuaded more people to join the work force (because they would be able to keep more of their income)? Not really. The labor-force participation rate fell in the years after 2001 and has never again approached its record in the year 2000.

Is there evidence that the tax cuts led to a lot of entrepreneurship and innovation? Again, no. The rate at which start-up businesses created jobs fell during the past decade.

(via Seth M.)

Nothing trickles down. Although they did create tons of jobs in China and Mumbai, India.

The prosperity promised by the Bust tax cuts, passed on the shoulders and coattails of Clinton's administration, never happened. Another Republican FAIL.

Posted via email from liberalsarecool.com

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