Ezra Klein on Mitch McConnell's 'job creator' dogma:Lower taxes on the rich don't lead to job growth

[flpoljunkie]

Tax rates and job creation in one graph
By Ezra Klein

In theory, the GOP is so committed to resisting tax hikes because it’s so committed to creating jobs. “The fact is you can’t tax the very people that we expect to invest in the economy and create jobs,” says Speaker John Boehner. But Michael Linden’s chart comparing average annual job creation at different marginal tax rates begs to differ:



Ezra Klein
08:49 AM ET, 06/28/2011

http://www.washingtonpost.com/blogs/ezra-klein/post/tax-rates-and-job-creation-in-one-graph/2011/05/19/AGh9Z1oH_blog.html

[atreides1]

1. Explain the last column

Under the current tax rate of 35% it shows hardly any job growth, yet under the 28-31% it shows growth at 1.0.

How does that work out exactly?

[flpoljunkie]

2. Those were the tax rates from 1988 thru 1992. See chart below.

[dmallind]

3. That was the top tax rate in some Reagan years

That 1.0% was the job growth then. Bit anemic compared to the 50s-60s growth rate with 70%+ top marginal rates eh?