Jared Bernstein Claims Raising Taxes Won’t Make Businesses Hire Fewer People

EXCERPT:

MACCALLUM: “But Jared, let me ask you — let me just go back to — if I can ask you this straightforward question. Do you think that when interest rates go up and taxes for corporations go up that they decide to hire fewer people?”

BERNSTEIN: “Not necessarily. There are much more —“

MACCALLUM: “Come on.”

BERNSTEIN: “There’s much more —“

MACCALLUM: “I mean, how many people do you know that run businesses who say, like, oh my taxes are going up, I’m going to hire more people?”

BERNSTEIN: “Yeah, we’ve actually seen very little correlation between changes, particularly at the very high end of the corporate tax rate, and almost any economic variable that’s of importance to middle class families, whether it’s taxes or wages or — I mean, sorry, whether it’s jobs or wages.”