Argument: High taxes on rich has coincided with great economic growth

Issue Report: Expiring Bush tax cuts for the wealthy in 2010


Robert Creamer. “Why Congress Must End Bush Tax Breaks for the Rich.” Huffington Post. July 28th, 2010: “The Republicans charge that eliminating these tax breaks on the rich — and returning them to Clinton-era levels — would be a ‘job-killing tax hike in the midst of a recession.’ Let’s recall that while the Clinton-era tax rates applied to the rich in the 1990’s, the economy created more than 22.5 million jobs in less than eight years — the most jobs ever created under a single administration. Moreover, the Federal deficit had turned into a surplus for as long as the eye could see. The number of private sector jobs created during the Bush years: zero.”