I really don't get this. Obama wants to give tax breaks to companies that create new jobs or buy new machinery...
Last time I checked, liberals were using that very principle as an argument against conservatives. Tax cuts don't create jobs.
So what is it? Do financial incentives work, or don't they?
Certain kinds of targeted financial incentives stimulate the economy. Tax breaks for the super rich have very little stimulative effect. Tax breaks for the poor have a much greater stimulative effect.
Ralph, this is tax breaks for all employers, rich and poor. Liberals usually rake conservatives over the coals for suggesting tax breaks for corporations.
Not to mention, it won't work. Giving a company a limited, 10% tax break for new hiring isn't going to create a million jobs. Employers want to know what the long-term costs are, taking 10% off the cost of hiring a new employee for a year won't do anything.
by Dennis L. Page 6 years ago
Do tax breaks for the rich really create jobs?Nick Hanauer, a venture capitalist states consumers create jobs and not the wealthy. He claims the rich only hire if consumers are buying goods and products and that there are not enough wealthy to support our economy. He says, "If it were true...
by Eric Newland 6 years ago
One of the biggest problems I have with OWS and the whole "wealth redistribution" thing is that it seems to vilify and thus call for the punishment of certain people based entirely on their income level. Doesn't matter how they got their wealth or what they do with it. They're...
by nightwork4 7 years ago
should tax breaks be given only to companies that don't outsourse their jobs?why are companies that send jobs to other countries given tax breaks and how does these breaks help our economy if they do help at all.
by LiamBean 6 years ago
This country does in fact have a serious deficit problem. But the reality is that the deficit was caused by two wars - unpaid for. It was caused by huge tax breaks for the wealthiest people in this country. It was cause by a recession as result of greed, recklessness and illegal behavior on Wall...
by Bill Russo 7 years ago
Should we give tax breaks to start-up companies developing wind, water, or solar power?Should we increase tax advantages to homeowners who install wind, water or solar power?
by oldandwise 6 years ago
When I voted for President Bush, I bought into that, hook, line, and sinker. Did it happen? If it did, I certainly didn't see it. Did the wealthier get richer? Every indication they did. Did the middle class fall? The answer to that, I'm sure is obvious with the recession. So I ask, anyone, to...
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