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> "I like to point out that taking $2B out of the economy will prevent the creation of- in my estimation- 4,000,000 jobs over the next 10 years." That's quite
by scottkduncan 16y ago
> "I like to point out that taking $2B out of the economy will prevent the creation of- in my estimation- 4,000,000 jobs over the next 10 years."
That's quite an estimate. I'm not quite sure how you got to this figure, but this seems to say that each $500 of additional taxes reduces job creation by one ($2B/4M). Inverting this logic would mean that the recent $120 billion reduction in payroll taxes, which was only part of the package extending the Bush tax cut, should allow for the creation of 240,000,000 jobs. Way to go Obama...although now we need to find a couple hundred million more Americans to fill all these awesome jobs you created!
I'm surprised there are such wild claims in such a highly rated post.