But a surprising group of people find that to be entirely untrue: the “job creators” themselves. As the billionaire behind the Buffett Rule, Warren Buffett, explained, “I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off.”
Indeed, 200 millionaires created a group known as the Patriotic Millionaires to make this exact case. In a direct rebuttal of the GOP, members of the group like Ask.com founder Garrett Gruener noted that a higher tax rate makes “zero difference” in how he invests: