The notion that tax cuts for the rich will create jobs is total nonsense.

The notion that tax cuts for the rich will create jobs is total nonsense.

First, if reducing taxes in the top brackets is such a great employment stimulus, why didn’t it work in the years since the Republicans initiated it, in the beginning days of the Bush Administration?

Second, if prosperous business owners want to squirrel away some money where the IRS can't get it, they can always reinvest it in their businesses and claim the tax deduction. In this case, HIGHER taxes, not lower ones, would provide incentive for business growth.

Third, jobs don't just appear because the rich have a few more millions lying around. They already do. Not just millions, but hundreds of billions that they're sitting on because the economy is too weak to invest in.

Jobs appear when there is work to be done. There is work to be done when demand increases. Demand increases when the common people have something to spend. Common people have something to spend when they get either paychecks or unemployment checks.

Extending unemployment benefits will therefore ultimately increase employment by increasing demand.

Extending tax cuts for the rich will do nothing but make the rich richer while slowing down the economy and pushing up the deficit for no good reason.