(sincerest apologies to Pete Seeger)
Under Bill Clinton, taxes on higher-income families were high compared to now, at 39.6 percent. Yet almost 23 million jobs were added vs. net job growth of 1.1 million during George W. Bush’s lower-tax years. In the 1950s, a Golden Age of growth, the top marginal tax rate was as high as 91 percent. There were many other economic forces at work in each of these periods, making direct comparisons difficult. Still, a professor at the University of Michigan says it disproves the idea tax increases are the kiss of death.
Where have all the job creators gone?
No more taxes
Where have all the job creators gone?
With that guarantee
Where have all the job creators gone?
Cause we don't see no new jobs
When will we ever learn?
When will we ever learn?
Where have all the job creators gone?
Boehner says don't tax them
Where have all the job creators gone?
Norquist loves them so
Where have all the job creators gone?
Must be in Bermuda
When will we ever learn?
When will we ever learn?
Where have all the job creators gone?
Funny nothing's happened
Where have all the job creators gone?
And the deficit grows still
Where have all the job creators gone?
All their pockets bulging
When will we ever learn?
When will we ever learn?
What do YOU think?
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