Political Quotes

Chris Van Hollen: What you see here is after the 1993 budget agreement when the top marginal rate was raised to 39.6 percent, you saw over…

On the recordFebruary 15, 2012
What you see here is after the 1993 budget agreement when the top marginal rate was raised to 39.6 percent, you saw over 20 million jobs created during that period after the 2001-2003 tax cuts, so-called Bush tax cuts, where they reduced the top rate. By the end of that period you saw a net loss of jobs.
Said by
Chris Van Hollen
Democratic · Maryland

Editor's note · Context

Van Hollen argues that tax rate changes do not significantly drive job growth.

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