When the rate reduction package became law in July 2003, the people who supported it did not shrink from bold predictions about how many more people would be working as a result of the wonderful things it would do. The president's Council of Economic Advisors (hint: do not hire this group to help you with your family finances if you want to stay afloat) said that by the end of 2004 the nation would see the creation of 5.5 million jobs. To be perfectly fair, the CEA actually said back in 2003 that with no policy change there would be 4.1 million new jobs and the extra added kick from tax cuts would create another 1.4 million. But it still adds up to 5.5 million.
