ANOTHER WAY OF LOOKING AT THE BUSH TAX CUTS

If we use January 2001 as the baseline and December 2007 (the peak of the business cycle) as the end point, we have some measure of how effective the tax cuts were.   Using just the numbers for the private sector in thousands, here are the results for those 2 months:

JAN 2001 111,634
DEC 2007 115,574

The Net Gain is 3,940 - almost 4 million additional private sector jobs over almost 6 years.  That's about 656K jobs per year, about 55 thousand a month.

Let's look at the same time frame during the Clinton years:

JAN 1993 90,824
DEC 1999 109,992

The Net Gain is 19,168 - over 19 million additional private sector jobs. That 3,194,000 per year, about 266 thousand per month.


Data from www.bls.gov