Tax Cuts and Job Creation

[NotNow]

BT has a point.  To really eliminate the current $1.5 Trillion deficit though taxation would require raising taxes for ALL Americans.  If the Dems really want to "increase revenue", then why hasn't a bill been proposed?  The Reps have proposed several bills, most prominently the Ryan plan and Cut, Cap, and Balance.  Shouldn't the Dem's put their money where their mouth is? 

Of course the truth is just obvious.  Although the Dems hold power in the government, they have failed to lead.  The Reps have not been much better.  We remain a country in search of leadership, serious statesmen/women who will "do what it takes" to put our house in order.

[JeffreyS]

An FDR perhaps.

[BridgeTroll]

True enough... in the simplistic scenario you provide.  Dems have the same fondness for ex lax as republicans.  Come to think of it... too much ex lax accurately describes things doesn't it...

[NotNow]

And of course, the restaurant analogy is faulty because StephenDare! refuse to acknowledge any Democrat culpability in the current Federal problems.  Blind?  Weak minded?  Partisan?  Call it what you want, but his mistake is obvious to the rest of us.

[NotNow]

An FDR perhaps.

While I completely disagree with his policies, he DID lead the country.  Of course, so did Fidel.

[NotNow]

Well, I certainly can't see any evidence of job creation right now.

Of course, you know that I am a proponent of the fair tax. 

I absolutely don't believe that you can tax the upper half of income earners and redistribute the money as political largess and call it "job creation".

[A-Finnius]

http://upload.wikimedia.org/wikipedia/commons/4/49/Chart_1.png

http://upload.wikimedia.org/wikipedia/commons/c/c3/Us_unemployment_rates_1950_2005.png

I hope these two graphs upload.  If you are able to view them I think they provide evidence for both arguments.  The 90's we had a period of comparably lower taxes and a decrease in unemployment.  For the most part in the 50's, 60's, and 70's we had higher taxes and lower unemployment.  There is that time period around 1976 where taxes remained high for the upper income earners but the unemployment rate was above 8%. 

Take me back to the Clinton years.  I'll be happy. 

[A-Finnius]

http://upload.wikimedia.org/wikipedia/commons/4/49/Chart_1.png

http://upload.wikimedia.org/wikipedia/commons/c/c3/Us_unemployment_rates_1950_2005.png

I hope these two graphs upload.  If you are able to view them I think they provide evidence for both arguments.  The 90's we had a period of comparably lower taxes and a decrease in unemployment.  For the most part in the 50's, 60's, and 70's we had higher taxes and lower unemployment.  There is that time period around 1976 where taxes remained high for the upper income earners but the unemployment rate was above 8%. 

Take me back to the Clinton years.  I'll be happy. 

Ugh.. they didn't upload.. but at least you have the links...

[Clem1029]

I said it before and I will say it again.  I really dont think Dems WANT to raise taxes.  They want to talk about raising taxes... They want to use taxes as a talking point...

Absolutely correct...and it's not just with taxes. Its practically EVERYTHING they rant about - taxes, the war, health care, etc. They had completely, unblockable control, and they didn't even TRY for the things they claimed were "right." I'm with you - the left would rather have what they think is a useful cudgel than act on the courage of their convictions.

[NotNow]

I suspect someone is whispering in Mrs. Clinton's ear right now. 

[NotNow]

The question is farcical.  No one has proposed tax cuts here.   The Obama tax cut extension was just that, an extension of the previous tax rate.  I believe that the current argument is that increasing taxes right now would threaten jobs.  That is my understanding of why the Obama administration extended the "tax cuts". 

We could spend much time and many pages arguing economic theory (and we do).  Perhaps a more thoughtful question is in order?

[Non-RedNeck Westsider]

Are we creating new jobs or just giving back the jobs that the 10s of thousands lost over the last 3-4 years?

[BridgeTroll]

So bridgetroll.  and notnow.

Any evidence that Tax Cuts lead to Job Creation?

Since that is the point of this thread?

I have no intention of rehashing the past thirty years.  Reagan first lowered taxes and brought us out of multiple cycles of recession and inflation... sparking an economic engine that now looks to be running out of steam.  Bush I and Clinton made minor modifications to tax rates.  At the end of the Clinton administration the country was headed for a recession and prompted W (and of course congress) to enact "the Bush tax cuts".  Of course 911 happened along with Saddams antics.

Few would disagree that the past thirty years were pretty prosperous.

One thing that has most definitely increased over that time frame is spending.  Spending keeps climbing regardless of administration or congress... rep or dem... we keep increasing our spending.  I am not in favor of raising taxes... just so we can increase spending some more.  You could get me to agree to a tax increase... possibly... IF it accompanied with a real halt or decrease in spending.

Or... you can do it with out me.  If congress and the president raise taxes... I will dutifully pay mine.

[NotNow]

It is actually an economic theory...that your party has signed onto.  As stated previously, we could all point to graphs of points in time that might support on way or another, but really it is about perception.  And BOTH parties subscribe to this theory at least in part.  The Dems have avoided raising the income tax rate ostensibly because of this reason, and the President quoted this theory when he extended the "tax cuts".  Like any theory, this one is true because all of the practicing participants BELIEVE that it is true. 

I eagerly await the tax proposal that YOU have in mind.  Oh but you have already posted that haven't you?   90% taxation anyone?

[Dog Walker]

Our taxes are too low to support the kind of government that most people want and the military we have built and the wars we are in.  This has been true for a couple of decades now.  The problem is simple.  It's the solutions that are hard.