ataxingmatter: Does Lowering Corporate Tax Rates Create Jobs? Answer is a resounding “no”
▻http://ataxingmatter.blogs.com/tax/2013/12/does-lowering-corporate-tax-rates-create-jobs.html
The Center for Effective Government (formerly OMBWatch) has now done a study looking at the “job creation track records of 60 large, profitable U.S., corporations (from a list of 280 Fortune 500 companies) with the highest and lowest effective tax rates between 2008 and 2010.” See Scott Klinger & Katherine McFate, The Corporate Tax Rate Debate: Lower Taes on Corporate Profits Not Linked to Job Creation, Center for Effective Government, Dec. 2013. It confirms that corporate tax cuts don’t create jobs.
The study, for example, found that a supermajority (22) of the 30 corporations paying the HIGHEST tax rates created 200,000 jobs between 2008 and 2012, while only 8 of those 30 had any reductions in the number of employees. IN contrast, the 30 profitable corporations paying no or very little taxes in that period had an aggregate loss of more than 51,000 jobs—half created a few jobs and half reduced jobs between 2008 and 2012.