Tax Cuts KILL Jobs

(When it comes to policy and economics, it seems the only “invisible hand” is the one holding the fact sheet that is invisible to those elected to set policies. – promoted by Caoimhin Laochdha)

This graphic says it all:

Source: ThinkProgress

The more a state cuts spending, the more jobs lost in that state.

It IS actually that simple.

Despite the nonsensical claims from the proponents of “cut everything always,” government DOES create jobs – both directly (when you work for the government, you have a job and your employer is the government) and indirectly (when money is flowing into the local economy, it enables businesses to hire).

More than 98% of all businesses in the US are small businesses (PDF of stats from Small Business Association).

Those small businesses usually operate within state lines – they are neither national companies nor multinational behemoths. These small businesses are the bread and butter of the economy. They account for most of the jobs, and 50% of the GDP.

And now, after 30 years of running scared from the dreaded “t” word (thank you, Ron Reagan!), it’s been amply demonstrated that those cuts destroy local economies – by both directly and indirectly slashing jobs.

It’s time to stop running from the cut-mongers. They either have no idea what they’re talking about, or, worse, know exactly what they are doing, but have evil intentions.

We need some grown-ups to stand up and say “enough.”

Bernie has made a good start.

I hope to start hearing echoes of his common sense from leadership everywhere.  

10 thoughts on “Tax Cuts KILL Jobs

  1. or double dip? With bigger job cuts at the state level, apparently the recovery slows to a snails pace.

    The layoffs of thousands of government workers may threaten the already slow-motion economic recovery in many U.S. metropolitan areas, according to a report released on Wednesday by the Brookings Institution.

    http://www.reuters.com/article

  2. I think a relevant point is: we want more private sector job growth.  Public sector job growth is unsustainable.  In full disclosure, I am a public sector employee.  But we can’t all be net takers from the tax pool.

Comments are closed.