Claim: Michele Bachmann wrongly claims there is "not one shred of evidence that lowering the payroll tax rate created jobs." Actually, the economy has gained more than 1.4 million jobs in the 11 months since the payroll tax holiday began. That's 84 percent more jobs than were added in the same period a year earlier. The unemployment rate has fallen from 9.4 percent in December 2010, just before the payroll tax was reduced temporarily, to 8.6 percent in November.
Fact-check: Bachmann's Bad Economics - FactCheck.org
Verdict: michele bachmann wrongly claims there is "not one shred of evidence that lowering the payroll tax rate created jobs." actually, the economy has gained more than 1.4 million jobs in the 11 months since the payroll tax holiday began. that's 84 percent more jobs than were added in the same period a year earlier. the unemployment rate has fallen from 9.4 percent in december 2010, just before the payroll tax was reduced temporarily, to 8.6 percent in november.
Organisation: FactCheck.org
Author: Eugene Kiely
Date published: 2011-12-07T17:13:23