Republican Senator, Ron Johnson, was on my television today. He mentioned J. C., not the one we know as God, but the Republican economic gods, Job Creators. We must not raise their taxes. Democrats foolishly think that jobs are created by product demand. You know, people like you and me, that want to get our hands on the newest Apple I-Phone as one example. I differentiate us, the real job creators, from the almost us, those that want the I- Phone too, but cannot afford it because they are unemployed.
Senator Johnson tells us that raising taxes on the job creators would bring economic devastation. Let's reflect on that potential fallacy with a bit of logic. If the taxes go up on Apple, I guess they will let some workers go. It's the Republican theory; so maybe the worse case is Apple will let all its employees go. We can all start using smoke-signals.
These tax rates, that we cannot raise, have been in place for more than a decade. The job creators apparently didn't get the Republicans' talking points memo. They have cut jobs by the millions! Maybe it takes twenty-years for tax cuts to kick in.
Under the Clinton Administration, congress raised the tax rate. In just a short time the economy started humming, creating jobs by the millions. The budget was balance when Clinton left office. What is the proper conclusion; lower taxes causes job loss, and highher taxes creates jobs and a booming economy.
Following the conclusions our hypothisis is; We should raise the job creators tax-rate not four-percent but eight-percent. Double the jobs, twice as fast as under the Clinton rates! This conclusion is as looney as the Republicans on raising taxes. It is as the independent Office of Managent and Budget stated in its report; there is no correlation between tax-rates and job creation. The Congressional Republicans didn't like that conclusion, and had the report squashed. It was the climate change of economics for them.