The notion that cutting taxes for the wealthy somehow creates jobs has never been proven to work. Not once. Never. Ever.
In fact, there is much evidence to the contrary.
Many economists and non-partisan academic studies have pronounced it a fraud. Not even the Reagan-era budget directors who resurrected the idea from the dust bin of history believe in it anymore.
Indeed, one need only compare job creation during the Clinton administration with that of the George W. Bush administration to see the fallacy of tax cuts as a job creating stimulus. When Clinton raised the top marginal rate to more than 39 percent, the economy grew dramatically. When Bush cut the top marginal rate to 35 percent, the economy began its slide over the cliff.
Theres more.
The idea failed in the early 1900s when it was known as Horse and Sparrow economics. And contrary to the the notion that low taxes create jobs, the Eisenhower administration grew the economy when the top marginal rate was 91 percent!
Despite all of this evidence, Republicans continue to claim that tax cuts create jobs. Why? Because Republicans sold the soul of their party to the very wealthy and to large, multinational corporations. They have to find some way to sell this lame idea to the poor and middle class voters. So, like a sleazy carnival barker, they loudly proclaim that it is the miracle cure for every struggling economy.
What they fail to mention is that the real miracle will be if it ever works.