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I have a question I'd love to find the answer to. I've heard that the CBO projected a certain number of job gains as a result of renewing the tax cuts for the super rich. But what I'd like to know is how many jobs would have been created if those very same cuts, in $, were given to the middle class who have a high propensity to spend. Can anyone answer this?

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Comment Preferences

    •  I think it would help (1+ / 0-)
      Recommended by:

      if you posted a link to the CBO study that says upper end tax cuts creates jobs. Why? Because your statement is the first I have heard about such a study.

      In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

      by jsfox on Thu Mar 24, 2011 at 05:39:21 AM PDT

      [ Parent ]

      •  jsfox - me too (1+ / 0-)
        Recommended by:

        I don't recall any such statement. In addition, it would be difficult to analyze the extension of the Bush tax cuts and somehow carve out the top earners. The annual total for the tax cuts is $370 billion. Of that $300 billion is for the middle class and $70 billion is for the top bracket. I think it would be very difficult to make a prediction on job growth for just the $70 billion portion of the cuts. If the CBO did anything my guess is that it would be on the entire package.

        "let's talk about that"

        by VClib on Thu Mar 24, 2011 at 05:50:45 AM PDT

        [ Parent ]

      •  Good Point (0+ / 0-)

        Good Point! I'm pretty sure it exists because the Republican's have been talking it up so much, but then again we know they NEVER lie.

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