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for the millionth time...TAX CUTS DO NOT CREATE JOBS!

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Hugabear Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 09:54 AM
Original message
for the millionth time...TAX CUTS DO NOT CREATE JOBS!
If lower taxes created jobs, then unemployment should be at near-record lows.

Instead, unemployment has risen drastically over the last decade, even as tax rates are low, and many mega-corporations are paying NO TAXES AT ALL.

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 09:54 AM
Response to Original message
1. recommend
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adhd_what_huh Donating Member (368 posts) Send PM | Profile | Ignore Sat Sep-10-11 10:03 AM
Response to Original message
2. word to your mother and....rec
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badtoworse Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 11:11 AM
Response to Original message
3. Do too! Do too!
The problem is they're not creating them in this country. The stuff people are buying with the extra money isn't being made here (these days, what is?). We need to address the reasons why business isn't investing here and make the country more competitive in the world market. That will help create private scetor jobs which is what we need.

Massive spending on infrastructure isn't the answer. That will only make it easier and faster to move the stuff made in China from the docks to the stores.
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Warren Stupidity Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 09:34 AM
Response to Original message
4. tax cuts to lower income people are a good economic stimulus
People living paycheck to paycheck will spend rather than save any additional money in that paycheck. Low end tax cuts are a good economic stimulus, not the best in terms of effect for dollar spent - infrastructure spending is better, but good. Also if done right low end tax cuts can have an immediate effect, whereas infrastructure spending has a considerable startup lag.

If you mean tax cuts for billionaires and millionaires - yes they are piss poor at economic stimulus.

The payroll tax cut is stimulative and will indirectly create jobs. There are other arguments against it, but those arguments are not about its stimulative effect.
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Shagbark Hickory Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 09:38 AM
Response to Original message
5. The man we all voted for seems to think so. Are you calling him a liar?
:shrug:
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Quantess Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 11:24 AM
Response to Reply #5
7. In that particular nstance, yes.
Sure, if the shoe fits.
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Poiuyt Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Sep-11-11 10:16 AM
Response to Original message
6. I could see giving tax incentives to businesses that create new jobs IN THIS COUNTRY
but I would raise taxes on millionaires and billionaires to previous levels. And not just on payroll income, but on capital gains as well. That's where the super rich gets most of income.
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