Good for you. Anyway, May of 2003 we cut three taxes, not popular, because everybody, oh, the Democrats, that's all rich-guy stuff. It was capital gains, dividends, and death tax. Now, I don't know if you're a rich guy if you're dead, but anyway we're going to tax death. We tax everything else, so why not that. So we cut capital gains, dividends, and death taxes at this time right here. Now, I have got three charts that show what happened. This is job creation before and after the tax relief. This is some of the taxes we extended into this year. Okay. The lines that go down are job loss by month and the lines that go up are job gain. And so what you have right here is that's the tax relief goes into effect. And take a look at the jobs, the more lines coming up over here. I mean, that's really pretty substantial and pretty interesting, whereas these you are losing. So this tax appears to have had a good effect.
W. Todd Akin: “Good for you. Anyway, May of 2003 we cut three taxes, not popular, because everybody, oh, the Democrats, that's all…”
Editor's note · Context
The speaker discusses the impact of tax cuts on job creation.
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