Annual job creation was higher under the Clinton tax rates:
Now, that doesn’t mean there’s a direct correlation between tax rates and job creation. Clearly, though, job creation won’t necessarily be hurt by a return to the Clinton tax rates. It’s an absolute myth that maintaining the Bush rates — or maybe even lowering those rates — would create jobs. Businesses generally do not reinvest the savings from a lower tax rate by hiring more employees.
Bill Kristol is exactly right:
You know what? It won’t kill the country if Republicans raise taxes a little bit on millionaires. It really won’t, I don’t think.
I don’t really understand why Republicans don’t take Obama’s offer to freeze taxes for everyone below $250,000. Make it $500,000, make it a million.
Really? The Republican party is gonna fall on its sword to defend a bunch of millionaires, half of whom voted Democratic, and half of whom live in Hollywood and are hostile to Republicans?
Republicans would do well to listen to Kristol on this one.