Travis Waldron of Think Progress has written a thoughtful piece about tax cuts and their false promise of job creation. States that cut taxes most also had the slowest pace of job growth. Worse still, several of these states want to give more tax cuts and balance them by raising taxes on low and middle income families.
I’m not an economist, but I do know this: If consumers have less money to spend, there will be more job cuts. Austerity and tax cuts do not create jobs.