Barack Obama had barely finished announcing his deficit-reduction plan this week before John Boehner, the Republican House Speaker, dismissed the President's proposed tax increases on wealthy Americans as a blow to "job creators." That phrase has been coming up a lot lately in Washington. The notion that the rich drive job creation and that taxing upper incomes is a "job killer" is a powerful line and difficult to refute between commercial breaks. But like a lot of political memes, it suffers from one shortcoming: It's not at all clear that it's true.
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