Fox Business' Gasparino Clings To Myth That Tax Cuts For Wealthy Will Spur Job Creation
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In a New York Post column, Fox Business correspondent Charles Gasparino pushed the myth that businesses have “been hoarding cash instead of hiring” because of “the likelihood for higher taxes.” In fact, as the Congressional Budget Office (CBO) has noted, "[I]ncreasing the after-tax income of businesses typically does not create much incentive" to hire.