Monday, July 10, 2006

5.4 Million New Jobs from the Tax Cuts

The federal government is reporting that 121,000 jobs were created in June, the latest in a string of job creation that's been responsible for 1.85 million new jobs over the last 12 months.

Since August of 2003, 5.4 million jobs have been created. What's more, the employment rate is currently in the basement at 4.6 percent. That's lower than the average unemployment rate for the 1960s, 1970s, 1980s, and the 1990s.

Federal tax revenue is up, unemployment is down, and the economy has grown by more than 20% since the 2003 tax cuts were enacted, just three short years ago.

The argument about the benefit of tax cuts is over. The supply-siders win. Again.

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