Quote:
Originally Posted by RIJIMMY
tax cuts are a one sided disucssion. Obama has opted to "give" money to promote the economy via the stimulus package. so we increase debt and reward....who? Who is benefitting?
Tax cuts reward those that WORK. Those that work, spend! Those that provide goods/services hire. Those that show a profit by working and selling pay taxes. It all works and most importantly encourages competition and hard work.
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No one trusts the economy right now. The market is in a relative state of purgatory, consumers are saving more than spending. I don't think consumers will start spending until it appears things have actually improved. The continuing of terrible unemployment rates (actual rates are reported over 20%) and the recent increases in fuel prices isn't going to have consumers splurging any time soon.