The following is a fact-check from the August 22, 2010 episode of Meet the Press:
GOV. JENNIFER GRANHOLM (D-MI) | The CBO has said that cutting taxes for the wealthiest 2% of Americans is the least effective way to create jobs – MOSTLY TRUE
GOV. GRANHOLM: The CBO has said that cutting taxes for the wealthiest 2 percent is the most ineffective way of creating job growth.
According to the non-partisan Congressional Budget Office (CBO), the largest decrease of the employment rate this year and next would arise from increasing aid to the unemployed. And the smallest effect would be generated by extending higher exemption amounts for the AMT in 2010 or reducing income taxes in 2011. We could not find the CBO explicitly stating that cutting tax cuts for the wealthiest 2% of Americans would be the most ineffective way of creating job growth. But in general, they did say that raising taxes in 2011, which is when Bush’s tax cuts expire, would lead to the smallest effect of reducing the unemployment rate. Thus, we rate Jeniffer Granholm’s statement MOSTLY TRUE.
This fact-check took a combined 1.5 hours.