Creating Jobs?

I laugh a little each time political talks turn to the “Bush Tax Cuts,” and their impact on our country. I chuckle when I hear them called tax cuts at all, since any extension of them is no longer a “cut,” since their rates have been in place for a decade. And at this point, shouldn’t they be called the “Bush Tax Rates” because of their longevity?

President Obama has consistently called for rolling back of the tax rates for those households making over $250,000 per year, while calling for extending the rates for those households making less than that. Republicans, led by Mitt Romney, decry that plan as hurting the “job creators.”

Which leads me to ask this. If rolling back the rates for the “job creators” will hurt the economy, why is unemployment so high? The current rates have been in place for a decade or more, so where are the jobs they are creating? With unemployment at 8.2%, and low tax rates in place for this long, something is not adding up. Is it that trickle-down economics does not really work? What incentive do the “job creators” actually have to use their tax savings to create a job for someone else? It is not “class warfare” to raise these questions, as some would claim; it is simply a search for a rational explanation.

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