Regarding the tax cuts for the rich, the argument is made by those on the right that by letting the tax cuts expire, it will stifle hiring by small business owners, because it is those small business owners whose income will be taxed more. My question is this: How many "small business owners" that have a business that is successful enough to give them a personal income of over $250,000 a year, are actually paying their employees out of their personal income? Isn't payroll classified under business expenses?
Furthermore, how does the right explain that job growth during the time of the Bush Tax Cuts has been the worst since WWII? In fact, with the lone exception of Nixon, who came in 5th, the periods of greatest job growth since WWII have all been under Democratic administrations. The 5 worst periods were all under Republicans, including Reagan, who is practically worshiped by the GOP.
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