Americans don’t believe that tax breaks for the wealthy create jobs, but they also don’t believe that huge government stimulus packages create jobs either. They DO believe that loading taxes and regulations onto businesses will either drive them overseas or out of business. On the state level, the competition factor is very much alive, as business-friendly states are taking away jobs from “moocher” states. Since the US government (falsely) believes it has no compitition, its only solution to paying its bills is to regularly increase the amount of debt it allows itself to carry.
May 3, 2017