It's almost an article of faith on the left that lowering taxes on corporations and job-creators would have no effect on job-creation (see also here, here, and here) . Conservatives believe that lowering taxes on corporations will have the effect of stimulating job growth and creating economic prosperity. This is reflected in conservative support for supply-side economics. Just when this difference in beliefs seemed certain to derail any attempts between the parties to reach a compromise, a real-world phenomenon has been identified that suddenly shows promise in helping liberals understand the effect that taxation has on job-creation. I call this new economic principle "Supply-Side Snookinomics." Snookinomics gets its name from "Snooki," the nickname for a character on the MTV reality show Jersey Shore. Last Monday, the show lost its $420,000 film tax credit when New Jersey Governor Chris Christie blocked it, citing the show's negative portrayal of the state and its citizens. The popularity of Jersey Shore makes it unlikely that the loss of tax credits will have a....
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