lol really?
Taxes going up DOES NOT always mean job losses because of the natural friction involved in cutting a workforce. Tax increases on a business will chip away at profitability, sure, and then a business may respond by attempting to cut costs. But that cost cutting is more likely to effect wages, and the price of goods or services being offered rather than be a detriment to hiring because businesses already try to have as few workers as necessary for the work load. If you cut jobs too much, and there aren't enough workers to keep up with demand than the company is more likely to become less profitable in the long run - which becomes counterproductive. I work in the lighting industry, and we've been hit with some major price increases in both shipping and in the cost of our product. We've raised prices on our goods and we've absorbed some of the cost but no one was fired; In fact, the company I work for is still looking to expand because the workload has been increasing due to increased demand for our products. Increased taxation causes a business to make the same decisions as increased products costs.
Also, lowering taxes does not always create jobs and wealth; It depends on what KIND of taxes are cut. If you cut estate taxes, or capital gains taxes - you aren't really creating jobs. If you cut payroll taxes, than you're effecting aggregate demand which DOES create jobs. "Trickle down" does NOT work because you're talking about inneffective supply side tax cuts. Hint: the multiplier on the Bush tax cuts is much lower than the multiplier on the payroll tax cut.
And you should care about how many breaks the rich get if you care about the deficit. In 2000, Federal revenue amounted to ~20% of GDP. in 2010, federal revenue was around 15% (and even once the output gap is closed it's set to be ~17% of GDP). Within that time frame, Corporate taxes as a share of GDP have fallen 40%. The rich aren't paying their fair share and they need to pay more; The alternative is that we balance the budget by slashing programs that the middle and lower class of the US (read: most people) rely on.
