Quote:
Originally Posted by GoldenRivet
Something tells me you dont have it that bad 
At any rate we have learned that deep tax cuts dont spur the economy.
we have also learned that taxing peoples asses off and bailing out big business fat cats with the money doesnt do it either.
so what is your solution guys? |
Deep tax cuts DO spur the economy, but only on a long term basis when consumer confidence is high. People tend to spend when they have more money in their pockets, but they tend to hoard that money when they feel as though they may need it down the road in the near term.
As far as a solution goes, your guess is as good as mine. However, I would make damned sure not to raise tax rates right now. I also would try further incentivizing companies that do production-oriented business stateside. Finally, I would penalize companies that produce goods in other nation's whose markets are not as open to us as ours are to them.