Tax Increases Could Contribute to 700K Job Loss

[roysoldboy]

Originally Posted by chielgirl

GOP Supercommittee Member Admits Bush Tax Cuts Didn't Create Jobs, Can't Explain Why | ThinkProgress
As Center for American Progress Director of Tax and Budget Policy Michael Linden found, “in the past 60 years, job growth has actually been greater in years when the top income tax rate was much higher than it is now.” In fact, “if you ranked each year since 1950 by overall job growth, the top five years would all boast marginal tax rates at 70 percent or higher.” The GOP, as Upton displays, simply has no explanation for these facts.

CHART: Lower Taxes On The Rich Don't Lead To Job Growth | ThinkProgress
for chart.

Do Tax Cuts Create Jobs? - Forbes
It’s a mainstay of conservative orthodoxy that tax cuts create jobs. In fact, the complexity of the tax code does create jobs for high-priced tax attorneys and accountants. But do tax cuts create “real” jobs?

The answer appears to be no for companies big and small.

I have wondered a lot about where you get your information and now I know it is Stink Progress. You do know that that place is owned by George Soros so, of course, they push socialistic thinking.

[HappyTexan]

Well they have 5 months to ward off the perfect storm that is brewing.
-Obama tax cuts end
-Obamcare taxes kick in
-mandated $500 billion cuts to federal services kick in

And Bernanke said today "No QE for you" and that sent the Dems into a tizzy.

And to add to all that..the debt ceiling might be reached before November elections.

Yup..the perfect storm is brewing. Got your umbrella ready ? Me..I'm heading to the tornado shelter myself.