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Would Tax Cuts help create Jobs?

Would Tax Cuts help create Jobs?

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Badmutha

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The lack of Job Creation and real Economic Growth in the Obama Economy is the biggest problem this country faces.........although Obama--Pelosi--Reid spending this country into oblivion is #2 and rising fast. Without Job Creation....our econmic and fiscal ills are only going to worsen, which is why a tax cut.....a "pay raise" to every Employer, Consumer, and Producer in this country is a clear and proven solution to getting this country back on the right track.....and off the left track.

So do Tax Cuts help create Jobs? I will supply the facts.....you decide..........


Three of the Largest Tax Cuts in US History.......

Unemployment Rate After The Bush Tax Cuts
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Unemployment Rate After The Reagan Tax Cuts
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Unemployment Rate After The JFK/Johnson Tax Cuts
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I love how you never include anything from the Clinton era, or the fact that after Clinton was in office, not once since then has unemployment been below 4%. Going by what you are saying, cutting taxes during Bush should have made unemployment less right?
 
Badmutha said:
The lack of Job Creation and real Economic Growth in the Obama Economy is the biggest problem this country faces.........although Obama--Pelosi--Reid spending this country into oblivion is #2 and rising fast. Without Job Creation....our econmic and fiscal ills are only going to worsen, which is why a tax cut.....a "pay raise" to every Employer, Consumer, and Producer in this country is a clear and proven solution to getting this country back on the right track.....and off the left track.

So do Tax Cuts help create Jobs? I will supply the facts.....you decide..........


Three of the Largest Tax Cuts in US History.......

Unemployment Rate After The Bush Tax Cuts
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Never got as low as it did under Clinton when marginal rates were higher.

Unemployment Rate After The Reagan Tax Cuts
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Never got as low as it did under Clinton which followed a tax increase.

Unemployment Rate After The JFK/Johnson Tax Cuts
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The top rate was still 70%.

My point in all this is that I don't think it makes much of a difference either way. Two of your graphs simply show a dip in the unemployment rate following a recession. That's kind of a given.

The two greatest economic post war economies were under LBJ when the top marginal rate was 70% and under Clinton when the top marginal rate was higher than under Bush or Reagan.
 
What would happen if the tax rate for businesses was set to 0% or near 0%? Would job growth go up or down? Please explain what would happen.
 
oops I thought you were talking about tax hikes...I wish I could Change my Answer back to Yes now that i read the Question more precisely. Raising taxes never increases Jobs Growth and lowering the right kind ala buisness taxes etc will certainly free up compoanies who are wanting to add more workers but are holding back as they do not know what the effective tax rate will be in the near future....
 
JohnWOlin said:
I love how you never include anything from the Clinton era, or the fact that after Clinton was in office, not once since then has unemployment been below 4%.
Click to expand...

If Clinton had cut taxes he would have been included.........but he was a tax spend happy philandering liberal.

Going by what you are saying, cutting taxes during Bush should have made unemployment less right?
Click to expand...

Unemployment Rate After The Bush Tax Cuts
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LesGovt said:
What would happen if the tax rate for businesses was set to 0% or near 0%? Would job growth go up or down? Please explain what would happen.
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Well if your asking me..........I say......"The Largest Period of Economic Growth, Business Expansion, and Job Growth the world has ever seen".....

....our borders wouldnt be populated with just an infestation of illegal liberals.....but an invasion of businesses with a ****load of jobs.
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Wait...Why wernt there so many jobs created under the Bush tax cuts?
 
SouthernDemocrat said:
Never got as low as it did under Clinton when marginal rates were higher.
Click to expand...

So do Tax Increases help create jobs?

Never got as low as it did under Clinton which followed a tax increase.
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Would it have gone even lower had BJ cut taxes?

The top rate was still 70%.

My point in all this is that I don't think it makes much of a difference either way. Two of your graphs simply show a dip in the unemployment rate following a recession. That's kind of a given.
Click to expand...

Wonder what helped bring about the end of those recessions?........was it tax hikes?

The two greatest economic post war economies were under LBJ when the top marginal rate was 70% and under Clinton when the top marginal rate was higher than under Bush or Reagan.
Click to expand...

So high tax rates yield booming economies?
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Your graph doesn't really address whether unemployment changes based on taxes, or if tax cuts tend to be passed when there is a period of growth, when jobs are being created. Who is to say that unemployment wouldn't have dropped even farther without the tax cuts?

When it comes to job creation, the only way I know of to it is to create a demand, and then go into business supplying for that demand. As such, I would speculate that jobs are created in times of great invention, and when the middle class has money to spend on luxuries. If the middle class has more money to spend on luxuries, then more companies will have a niche to fill to supply those luxuries. By luxuries, I mean everything from monogrammed handkerchiefs to the latest toy that kids want for Christmas to better cars and houses, and everything in between. A larger and wealthier middle class can consume more, and so more commerce and industry can be supported. The upper class, meanwhile, is far too small to consume on that scale. Even if they had all the money in the world, they simply couldn't spend it fast enough to keep an economy going.
 
Tax rates don't determine jobs, profitability does.

Simple fix -- make income tax only on what the owners take home. Any dollar spent on growing the business is tax free.
 
It depends on where the tax cuts are directed. The problem our economy currently faces is NOT that businesses don't have the money to hire people; many of them are sitting atop huge piles of cash. The problem is that businesses don't have (or think they don't have) a large enough customer base to make it PROFITABLE to hire more people.

Payroll tax cuts, lower-bracket income tax cuts, and corporate tax cuts are fine with me. Higher-bracket income tax cuts and estate tax cuts are a horrible idea...in fact those rates should be higher than they are now (a little higher for the top income tax rates and a lot higher for estate taxes).
 
Badmutha said:
If Clinton had cut taxes he would have been included.........but he was a tax spend happy philandering liberal.
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He also produced a balanced budget. Something Reagan and both Bushes were unable to do.

Gingrich deserves some credit, but not all of it.
 
Paschendale said:
Your graph doesn't really address whether unemployment changes based on taxes, or if tax cuts tend to be passed when there is a period of growth, when jobs are being created.
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Well once again....I guess we will have to go with COINCIDENCE......

Who is to say that unemployment wouldn't have dropped even farther without the tax cuts?
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If you were an employer, would you be (more/less) likey to hire if you had (more/less) money?

When it comes to job creation, the only way I know of to it is to create a demand, and then go into business supplying for that demand.
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Which hopefully your going to learn someday is 100% wrong.......

For I would ask, what are you Demanding right now?..........how are you conveying that Demand to the Entreprenuer?

Demand plays a role.....its just not the lead role as you would like to portray it......

As such, I would speculate that jobs are created in times of great invention, and when the middle class has money to spend on luxuries.
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Yes a tax cut would help the middle class.........

If the middle class has more money to spend on luxuries, then more companies will have a niche to fill to supply those luxuries.
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So the same would apply to everyone.........if government took less of their money.........Tax Cut--Hello!

By luxuries, I mean everything from monogrammed handkerchiefs to the latest toy that kids want for Christmas to better cars and houses, and everything in between. A larger and wealthier middle class can consume more, and so more commerce and industry can be supported. The upper class, meanwhile, is far too small to consume on that scale. Even if they had all the money in the world, they simply couldn't spend it fast enough to keep an economy going.
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Well how many times have you been hired by a Poor Person?
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Tax cuts have zero to do with job creation...thats a bs story created by the GOP to protect their rich guys
 
rocket88 said:
He also produced a balanced budget. Something Reagan and both Bushes were unable to do.

Gingrich deserves some credit, but not all of it.
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Reagan and Bush were unsuccessful due to lies and dishonesty by Democrats.
 
lpast said:
Tax cuts have zero to do with job creation...thats a bs story created by the GOP to protect their rich guys
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Really? Is this in answer to my question about cutting the rates on companies to 0% or near 0%? If yes, please explain why jobs would not become more available.
 
rocket88 said:
Tax rates don't determine jobs, profitability does.
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Profitability determines longevity.....The Will and Whim of the Entreprenuer determines the jobs.........and the business.

Simple fix -- make income tax only on what the owners take home. Any dollar spent on growing the business is tax free.
Click to expand...

Well I would say your solution exists today.......as any dollar spent on the business is a deduction. But its not to say there arent 10,000 other ways of making business growth and expansion easier in The Divided Socialist States of ObamAmerica.
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Ya know what WOULD help the unemployment figure? Drastically reducing health care costs. Or even completely removing health care away from employment, just like auto insurance.
 
rocket88 said:
He also produced a balanced budget. Something Reagan and both Bushes were unable to do.

Gingrich deserves some credit, but not all of it.
Click to expand...

Do you honestly believe......the Democrat Party, who today cannot bring itself to cut so much as a Cowboy Poetry Contest,......would have balanced the budget had Democrats been in control of Congress?

BJ balanced the budget alright....the same way he reformed welfare (after vetoing it twice).........by being drug along kicking and screaming......by Gingrich, the Republican Congress, and the American people.
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..........to believe anything else.......is to reside in Imaginationland.
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The Giant Noodle said:
Ya know what WOULD help the unemployment figure? Drastically reducing health care costs. Or even completely removing health care away from employment, just like auto insurance.
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Step 1.--Repeal ObamaCare
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