Don’t tell Biden;
http://taxesandgrowth.ncpa.org/news/are-the-bush-tax-cuts-working
2003 and 2004 economic growth levels surpassed Congressional Budget Office (CBO) estimates by 150 basis combined, resulting in $300 billion of additional growth, which is roughly $2,500 per household.
Employment, Jobs, and Productivity4
Though job creation was slow immediately following the recession and during the first stages of the recovery, it had increased dramatically by late 2002 and 2003.
1.4 million jobs were added in the nine months after August 2003 (the 2003 tax cuts were signed into law in late May 2003).
The unemployment rate remained steady at 5.6 percent in May 2004, well below its peak of 6.3 percent a year ago.
The Treasury Department estimates that without the tax relief, as many as 1.5 million more Americans would be out of work right now, and the unemployment rate would be well over 7 percent.
Do you really think that with a tax cut business would create jobs in THIS COUNTRY? Tax cuts worked in the past in the era before companies sent their factories overseas. It does not seem that a tax rate cut would offset the pull of cheaper costs elsewhere.
It would really help if business management would state that they rehire those laid off if they received a rate reduction. Right now we only hear from politicians and we know how reliable they are.