UP-DATE: Check-it-Out at the New York Times. Economist David Leonhart explains that the FACTS do not support the Republican assertion that the Bush Tax-Cuts for the rich created jobs. We learn that in the decade that these draconian tax-cuts have been in place has been the slowest decade for job growth since the 1940s. So the BIG question to be answered is: Since we know that these tax-cuts did not create jobs, why then should we bust the deficit by extending this gift-to-the-rich?
LOVE THIS GRAPH!
What a startling visual this chart is, showing a comparison of the Democratic tax plan and the Republican tax plan. Each bubble on the chart shows the relative size of the average tax-cut to people in that particular tax bracket. It is somehow so illuminating to be able to visualize the gift to the already-rich that the Republicans are proposing. They claim that their motivation for giving this enormous gift to the upper-class, is to create jobs — but we here at CLN are wondering: If cutting the income-taxes for the uber wealthy really produces jobs, then where are all the jobs that these tax-cuts should have already created (during Bush’s presidency)? I don’t see them. Hey, Speaker-in-Waiting Boehner — WHERE ARE THE JOBS REPUBLICANS PROMISED WITH THEIR DEFICIT-BUSTING TAX-CUTS?
SEE JOBLESS TAX-CUTS RESULT BELOW.
Wow. If only everyone could see this. And if only logic could make a difference.
Thanks for your comments. Glad the graph illuminates the issue so clearly. We were blown-away when we here at CLN first saw it. We just had to share it with our readers.
Morning Di
[…] the economic effectiveness of tax cuts vs. tax hikes in previous posts — check-it-out at TAX CUTS FOR MILLIONAIRES AND BILLIONAIRES; and at BUSH TAX CUTS and at TAX CUTS STIMULATE JOB GROWTH […]