Friday, November 18, 2005

Research Dispels Bush Claims That Tax Cuts Create Jobs

In the November 18, 2005 article "Research Dispels Bush Claims That Tax Cuts Create Jobs," Haider Rizvi explains:
Changes in tax policy suggest no evidence of their impact on job creation or destruction, according to the 22-page study released Tuesday by United for a Fair Economy (UFE), an independent group that tracks the growing economic divide between the nation's haves and have-nots.

Since 1950, significant tax increases and decreases have both been followed by job losses and job gains, say the researchers.

Based on statistical analysis of changes in tax polices and rates of job growth in the past 60 years, the report points out that tax reduction does, however, disproportionately lead to economic disparity between the rich and poor.