Rich people do not run out and hire people because the government gave them a tax cut. Businesses do not run out and hire people because the government gave them a tax cut. New jobs are only created when the existing workforce can not keep up with demand. Corporations are swimming in cash that they are not using to hire workers. Is it because of regulations or taxes? NO it's because companies do not hire people to stand around and pick their nose. If they have enough workers to meet current demand then no new workers get hired.
Is this rocket science?
Rich people do not create jobs. Wall street does not create jobs. Consumers create jobs. When consumer demand exceeds the productive capacity of the work force more workers get hired to meet the demand.
If consumers get hammered by cuts and added costs because they have to "sacrifice" to pay for massive loans to fund tax cuts for the rich and for multi-national corporations they have less to spend. When consumers spend less, there is less demand and workers get laid off. So not only do tax cuts for the rich not create jobs, they destroy jobs, because someone has to pick up the tab for the massive debt created by those tax cuts and that someone is consumers.
When Exxon Mobil makes billions and pays no taxes that destroys jobs. When a hedge fund manager who makes billions pays a lower tax rate then a cop or a teacher that destroys jobs. Because those tax cuts have to be paid for and when the consumer's burden is increased to pay for them his consumption goes down.
The destruction of the American middle class and the transfer of it's wealth to the top 2% is destroying the American economy. High paying union jobs, corporations that pay taxes and benefits and a fair tax structure that can fund education, a social safety net and infrastructure, make for a dynamic, secure and consuming consumer class. As the American economy is a consumer economy what's good for the consumer is good for America.
Is it any wonder we are in the biggest economic crisis since the great depression? It is the product of the Reagan revolution and it's impact on the American middle class and explosive growth of economic inequality in the US. The 3rd world levels of income inequality that we are seeing will bring with it a 3rd world economy. Like a farmer eating his seed corn the American oligarchy is destroying the world's greatest economy and threatening the world's greatest democracy.