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I have talked to Democrats who claim higher personal income taxes somehow creates Jobs because the business ow?

  • I have talked to Democrats who claim higher personal income taxes somehow creates Jobs because the business owners will hire Workers to avoid higher taxes they will keep the money inside their business and not pull out the money as personal income by writting themselves a bigger paycheck they will write themselves a smaller paycheck use the rest to invest the rest ? My understanding is the Rich could invest to have lower income taxes but they could also buy equipment or hire outside firms. Can someone help me debunk this Democrat claim please only Right Wingers and Republicans reply with answers only. 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

  • Answer:

    Amazing how the brainwashed sheeple can justify almost anything..

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