"The debate is over: Tax cuts create jobs."
Mike Harris used to recite that line constantly when he was Premier of Ontario in the mid-1990s. Of course I agreed, given his record of job creation, which was in the hundreds of thousands.
But is this mantra always true?
I'm having a little, well, crisis of faith. If this axiom were foolproof, why is it that in tax-cutting America, a net 1,000 new jobs were created in December, while in Canada, where virtually no one is cutting taxes, 54,000 new jobs appeared in the same month? And the U.S.'s population is 10x that of Canada's. I don't get it.
# posted by Adam Daifallah : 11:05 PM