TAX CUTS AND THE MULTINATIONALS

David Wessel at the WSJ looked at the numbers and found that U.S. multinationals did not seem to appreciate the Bush tax cuts because throughout the 2000s, they laid off U.S. workers while hiring workers abroad.   Here's the chart Wessel provided:

The full article is behind a pay wall so all I can quote is this snippet:

Big U.S. Firms Shift Hiring Abroad
Work Forces Shrink at Home, Sharpening Debate on Economic Impact of Globalization
BY DAVID WESSEL
APRIL 19, 2011
WALL STREET JOURNAL

U.S. multinational corporations, the big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization's effect on the U.S. economy.

The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 million, new data from the U.S. Commerce Department show. That's a big switch from the 1990s, when they added jobs everywhere: 4.4 million in the U.S. and 2.7 million abroad.

The last sentence indicated that the Clinton tax increases improved their U.S. business.