Taxes on the wealthy create jobs

November 28, 2011

Your Sunday article, "Expiring tax breaks loom large" (Nov. 29) reports that Republicans see lower tax rates on wealthy Americans as essential to job creation. The press, when reporting this position, should point out the absurdity of this assertion based on what we have learned from the past. Tax rates on the wealthy were far higher during the Reagan and Clinton years than at present. Job creation was 16 million under Reagan and 23 million under Mr. Clinton. When George W. Bush cut taxes on the wealthy, he managed to create an anemic 3 million new jobs over 8 years. President Clinton, who holds the record on job creation, actually enacted an historically high tax increase on the wealthy.

Jack Kinstlinger, Baltimore

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