When the "Bush Tax Cuts" were enacted in 2001 (Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)), unemployment was at an average of 4.7%. When the second round was enacted in 2003 (Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA)), it was at an average of 6.0%. Now, 10 years later, the unemployment rate is around 9.0%.
Tell me again how these tax cuts are supposed to create jobs....?
Source: http://data.bls.gov/timeseries/LNS14000000
