What do you think of this idea?
Reduce federal taxes to stimulate the economy and create jobs.
Is this faster than shovel-ready projects that build infrastructure? Does it put money in the hands of employers faster than building bridges and tunnels? Does it create consumer spending faster than government-supported projects?
Let's hear from you!
2 comments:
Both government spending and tax cuts are slow. However, tax cuts alone may not result in stimulation during periods of uncertainty and fear because a great portion of the extra money is put aside for protection or to pay debts.
It's a great idea and it worked for Reagan, then Bush had to hike taxes to keep the deficit and debt ceiling in check.
One dollar in tax cuts tied to three dollars in federal spending cuts would generate a 1983-1987 type boost (times three.)
We can start by reducing 120 military bases over seas to < 20. Leave Japan, Germany altogether. We won. It’s BEEN over! Phase out Social Security, Medicare and DHS. Do a hard shut down of HUD, Energy, Education and other unproductive depts. The savings would be enormous.
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