Tax Cuts - Job Growth
President Bush’s major tax cuts – which included massive breaks for small businesses – were enacted back in May 2003.
Yeah, I know, that particular GOP accomplishment was so long ago, Sen. Robert Byrd still thought the term “integration” had something to do with mathematics.
But that’s not germane to this post.
The effect of those tax cuts can be illustrated as follows:
Total Payroll Jobs
May 2000 - 131.9 million.
May 2001 - 132.2 million.
May 2002 - 130.3 million.
May 2003 - 129.8 million.
May 2004 - 131.4 million.
May 2005 - 133.4 million.
Jan. 2006 - 134.4 million.
Note: Raw data here.
* * *
Oh, yeah, I almost forgot:
January 1998
4.0 = whites.
9.3 = blacks.
6.9 = latinos.
On the other hand, there’s this:
January 2006
4.1 = whites.
8.9 = blacks.
5.8 = latinos.
Those are unemployment rates.
Who could have dreamed the nation’s “first black president” had presided over such a comparatively-*racist* set of labor markets???
What do you think about that, Chomsky-Churchill?
— Jayson