Raoul_Duke
Member
- Sep 13, 2011
- 235
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Isn't it wonderful to see the libs scream their heads off about how the GOP is blocking Obama's so -called jobs bill and at the same time these very same people are advocating higher taxes that would inevitably force many employers to cut payroll or close altogether.
It must be a fantastic feeling for them to believe they can have everything both ways.
There's no correlation between higher taxes and unemployment. We had a top rate of income tax of 91% in the 1950s and 3% unemployment. The GOP warned us of mass unemployment and a huge recession when Clinton raised taxes but we had a boom so big we balanced the budget. Bush slashed taxes and regulation and had the worst job creation record of any president.
But...surely that indicates a correlation?
Higher taxes means more jobs.
You can also make the opposite case. Reagan and kennedy cut taxes and lowered unemployment. That's why i said that there's no correlation!