Research shows that tax cuts for the top 5% have no effect on job creation in the subsequent two...

|By:, SA News Editor

Research shows that tax cuts for the top 5% have no effect on job creation in the subsequent two years but they do for the bottom 95%, says ex-Clinton economic adviser Laura D'Andrea Tyson along with Owen Zidar, also a former White House economist. Consumption goes up more following tax reductions for the latter group, which leads to increased demand - a "primary determinant" in companies' employment decisions.