Research Dispels Bush Claims That Tax Cuts Create Jobs - Yahoo! News
"In June 2003, the Bush administration had claimed that the president's tax cut policy would create more than five million jobs by the end of 2004, but the study shows that only 2.6 million jobs were created--1.6 million less than what would have been expected without any special economic stimulus.
... Based on statistical analysis of changes in tax polices and rates of job growth in the past 60 years, the report points out that tax reduction does, however, disproportionately lead to economic disparity between the rich and poor.
"No workers have really benefited from President Bush's tax policy," says Gloribell Mota, a bilingual education specialist at UFE. "But Blacks and Latinos have suffered disproportionately."
The study shows that African American unemployment remains about twice as high as that of White workers. Moreover, it indicates no sign of growth in quality jobs (defined as paying at least 16 dollars per hour and including health benefits and a pension plan) for workers from any racial background, including Whites.
Last year, one million people fell below the poverty line, a disproportionate number of them children, while the number of billionaires rose to 374, the study says, adding that the number of people living in poverty rose from 11.3 percent in 2000 to 12.7 percent in 2004."
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