Tomorrow President Obama will introduce a new tax cut for businesses that invest in new equipment and plants (the manufacturing kind, not the green kind) from now until 2011. I can get behind this tax cut more than a tax cut for the rich because this tax cut will actually force the money to trickle down. Sure, people who own big businesses will save some money by being able to write off new equipment and factories, but that in turn will create more jobs for the middle and lower class. Money has to be spent in order for it to be written off on the business's tax filings.
Contrast this with a tax cut for the rich, which some politicians have claimed will allow the saved money to trickle down to the lower classes "in theory", even though a lot of that money ends up just sitting in some bank account.
So, what say you, Hubbers? Do you support this new tax cut?
I'm for any tax cut ever - so long as it is REALLY a tax cut.
I also like the tax cut. Helps manufacturing and manufacturing jobs which will then help a larger sector of society. Plus, gives business incentives to expand or rejuvinate, good idea.
I have to see if he has any string attached, i.e. to get the tax get you have to buy the equipment from a company who is greater than 75% minority. I do not trust this guy?
The thing that would help the economy to stablelize if the governent would stablelize. There is many threats out there against businesses, i.e end of Bush tax cuts, cap and trade, Epa has new regs coming in 2013 that will close down 10-20% of manufacturing and electrical plants.
This administration has just too many unknown variables and threats out there, that until BO and crew settle down, there will be no economic recovery.
by kerryg 13 years ago
Republicans have repeated the lie that tax cuts are always good for the economy so often that all of Washington seems absolutely convinced that it's true. The conventional wisdom is so established on this that all a Republican has to say is, "Everyone knows you don't raise taxes in the middle...
by Randy Godwin 5 years ago
Gas prices are soaring as usual under Republican leadership. This will hurt middle and lower classes more than it does those who got the lions' share of the tax cuts. Not only do we have to repay the Chinese for the money we borrowed , we now have to pay higher prices for fuel. I hope those wanted...
by Barefootfae 11 years ago
Here comes carbon taxation.Maybe we will have to wear masks to measure the carbon dioxide we exhale.http://www.bloomberg.com/news/2012-11-0 … -says.html
by rlaframboise 13 years ago
Do you think Obama actually believes in the merit of the Constitution or do you think that he thinks that the chains i places on the Federal government are a bad thing?I for one think he would love to see a purely national government with absolutely no limitations on what it can do to...
by Alex J. Reissig 11 years ago
Would you support a flat 15% income tax?Would you support a flat 15% income tax in this country? Other than a personal deduction (possibly in the neighborhood of 25k per individual/50k per couple) there would be no deductions.
by Susan Reid 11 years ago
The Gish Gallup. Who knew?http://www.dailykos.com/story/2012/10/0 … ish-Gallop
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