Oh, and the one thing to note where Warren Buffet is actually Cherry picking job numbers....
When tax rates were higher, and job rates were increasing at their highest.... tax rates were being lowered.
The biggest years were when Reagan GREATLY cut the top level tax rate... and then the .com bubble.
Of course if you ask me... tax rates only matter in the short term.
Raise taxes, and in the short term you stunt growth because people aren't used to having such a tax rate.
Lower taxes and in the short term you increase growth because people think they are getting bonus money.
However in the long run, assuming the change isn't too much, it doesn't change much.
It's like buying food from a supermarket. A product you normally wouldn't buy being on sale might make you buy it because you say "oh it's cheap", but soon that "cheap" price is just what you'd except to pay for it if it never comes off being on sale. You may or may not continue to buy it then.
When a product you like goes up in price... you may not buy it, but a few months later you may give in and buy it, because it's just a few nickels more and the stuff you do do isn't as good etc.
Raising taxes is fine, as long as it's gradual and at a time of excess growth.
Cutting taxes... eh. I don't see the point in cutting taxes really unless it's corporate taxes or capital gain taxes, since they have rivals. Aka people can move companies overseas eaisly or buy into foreign markets.
Hence why it's better to have a corporate VAT for companies.
