Do Tax Cuts Create Jobs?

[No DUplicitous DUpe]

Do Tax Cuts Create Jobs?
http://sane-ramblings.blogspot.com/2011/07/do-tax-cuts-create-jobs.html

Many Republicans insist tax cuts create jobs. But we've had those Bush tax cuts since 2001 and 2003. Where are those jobs?

It is true U.S. companies are creating jobs, in China, Mexico and in other low wage nations.* While extending those tax cuts, according to projections from the non-partisan Congressional Research Service show a 10 year revenue loss beyond 2010 of $2.9 trillion, with an additional $606 billion in interest charges, for a total of $3.5 trillion. And that's assuming interest charges don't skyrocket, which could happen as the U.S. sinks deeper into debt and investors get nervous. These are bills someone must pay!

My purpose is not to attack those who support huge tax breaks to create jobs but to encourage them to look at the results and recognize that after all these years, they don't bring jobs to America. Meanwhile, the American government is going broke.

*To learn more, please see "Despite Violence, U.S. firms Expand in Mexico." http://www.nytimes.com/2011/07/11/world/americas/11matamoros.html?_r=1&nl=todaysheadlines&emc=tha2

[Taverner]

1. No. Absolutely not. Next question?

Also, getting rid of the minimum wage will not raise wages, making sex education illegal will not reduce teen pregnancy, ending affirmative action will not lift minorities out of poverty and saying tobacco is harmless will not make it so.

[gateley]

3. +1 nt

[taught_me_patience]

2. Tax cuts to consumers DO create jobs

But the effect is temporary. Consumers have more disposable income, spend more, and generate more business. This is just like a fiscal spending stimulus... it creates jobs but is temporary. The effect of the Bush tax cuts wore off a long time ago. The effect of the Obama stimulus is wearing off now.

Supply-side tax cuts to business does little to stimulate jobs.

[FreakinDJ]

5. Foreign Tax Credits have proven to Outsourse American Jobs

Every CFO in America will tell you flat out they outsource jobs because of that exemption

So now these companies have profits accumulating overseas in places like Zug.

If they bring the money home, it's taxed the full 35 percent. If they leave it overseas, the IRS can't touch it. In other words, the tax law all but forces companies to keep their money out of the country, indefinitely.

http://www.cbsnews.com/stories/2011/03/25/60minutes/main20046867_page4.shtml

[spanone]

4. just look at the last ten years for your answer.