- 07 Oct 2011 04:20
#13808742
Can anyone refute or debunk this Liberal claim that a higher personal income tax means more Jobs because the businesses owners will invest to avoid higher income taxes can anyone disprove this ?
What Conservatives Won’t Tell You: Higher Taxes Equal Reinvestment And Jobs
By Ray Medeiros
What the conservatives do not know or don’t reveal is, higher taxes make businesses re-invest most of their profits into the corporation.
This is one of the reasons President Clinton had a booming economy. He raised taxes on the wealthy. Rather than pay the higher tax rate by extracting profits for personal use and having it sit on the sidelines, they re-invested it, creating a chain reaction of jobs.
What we are seeing today is lower taxes leading to owners extracting money rather than reinvesting it. The cash sits on the sidelines in bank accounts, or in their wallets. So let’s raise taxes, and “force” this idle cash back into businesses for reinvestment and create the jobs this country needs.
http://www.politicususa.com/en/higher-taxes-jobs
What Conservatives Won’t Tell You: Higher Taxes Equal Reinvestment And Jobs
By Ray Medeiros
What the conservatives do not know or don’t reveal is, higher taxes make businesses re-invest most of their profits into the corporation.
This is one of the reasons President Clinton had a booming economy. He raised taxes on the wealthy. Rather than pay the higher tax rate by extracting profits for personal use and having it sit on the sidelines, they re-invested it, creating a chain reaction of jobs.
What we are seeing today is lower taxes leading to owners extracting money rather than reinvesting it. The cash sits on the sidelines in bank accounts, or in their wallets. So let’s raise taxes, and “force” this idle cash back into businesses for reinvestment and create the jobs this country needs.
http://www.politicususa.com/en/higher-taxes-jobs