If cutting taxes creates jobs then you would have to give a little time for the extremely wealthy to get off their asses (or more likely stay on them and make phone calls) and make all of those wonderful trickle down jobs.
The North Carolina Republicans, lead by US Senate candidate Tom Tillis, have tried this tax cut for jobs experiment in North Carolina. The NC GOP cut a lot of money from the schools and the university system, raised sales taxes, cut an earned income tax break for the working poor and military families, raised taxes on retired North Carolinians with pensions, cut off health insurance from poor people, etc -- you get the picture.
They did this to cut taxes on the very wealthy. If you make a low six figure salary you get a $100 / month tax break, but if you are really wealthy or if your really wealthy parents die, well woo hoo!
So how long would a time before the very wealthy stop partying and start making jobs following this substantial investment by the state. How about a full year to see how our $500,000,000 investment in the very wealthy worked at making jobs?
Oops experimental null hypothesis won no jobs created. In fact North Carolina is now shedding jobs at an increasing rate -- more than eight thousand jobs lost in June and almost twenty thousand jobs lost in July.
So I think -- once again -- that little tax cuts = jobs hypothesis has FAILED.
Thanks North Carolina GOP. Maybe it is time to try something different? Or would you rather say insane.*
*As in insanity is doing the same thing again and again hoping for a different outcome.