What happened to the Republican's claim that cutting taxes on the rich will decrease unemployment?
They say cutting taxes on the rich will remove "uncertainty" and allow businesses to hire. Businesses are not hiring now. So, does that mean their plan does not work? Does it mean the Republicans were blowing hot air? Or does it mean they don't know what they were talking about?
Asked By: Dr. Killpatient - 6/3/2011
Best Answer - Chosen by Asker
"No evidence was offered for the Republican argument that cutting taxes for the well-to-do and big corporations would reduce unemployment" wrote an economist for Reagan Administration... More
Answered By: Kiran C - 6/3/2011
Additional Answers (4)
Their defense is obvious; the murky and arcane world is what might of been otherwise.
Answered By: Matthew D - 6/3/2011
It is a giant lie. Businesses make as much money as possible. Uncertainty or confidence has nothing to do with it. This isn't golf.
Answered By: Cj Howiker - 6/3/2011
One of the reasons it's so hard to have political discussions about these kinds of issues is that there's little agreement at this point on fundamental economic gestalts. Some people, most of the GOP leadership for example, say they don't think government stimulus works to reduce unemployment, since money the... More
Answered By: rodney h - 6/3/2011
everything takes time
Answered By: The Libertarian Mammoth - 6/3/2011
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