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http://www.nytimes.com/2010/09/11/business/economy/11tax.html?_r=1&src=busln
After analyzing tax policies they conclude, tax cutting won't fix economy or reduce unemployment.
They gave high marks to an Obama proposal.. to allow small businesses to write off 100 percent of invest costs
But they went further and said that reducing payroll taxes and payments to Social Security and unemployed will stimulate the economy more than anything.
The article also says that politicians are reluctant advocate further stimulus, so neither party has guts. They are both going to stick to old, misguided rhetoric, than really try to fix something.
At least the politicians will have jobs I guess..
After analyzing tax policies they conclude, tax cutting won't fix economy or reduce unemployment.
They gave high marks to an Obama proposal.. to allow small businesses to write off 100 percent of invest costs
But they went further and said that reducing payroll taxes and payments to Social Security and unemployed will stimulate the economy more than anything.
The article also says that politicians are reluctant advocate further stimulus, so neither party has guts. They are both going to stick to old, misguided rhetoric, than really try to fix something.
At least the politicians will have jobs I guess..