Senate ready for symbolic showdown on tax cuts
If the two sides don't compromise, a massive $600 billion in tax increases and spending cuts for 2013 would be triggered automatically in January the so-called fiscal cliff, which analysts say would jar the already weak economy.
Mostly following President Barack Obama's proposal, the Democratic bill would continue Bush-era tax cuts for everyone except individuals making at least $200,000 yearly and couples earning more than $250,000.
Senate ready for symbolic showdown on tax cuts - Yahoo! News
Do Tax Cuts Create Jobs?
The answer appears to be no for companies big and small. After all, U.S. public companies pay well-below the official 35% tax rate while 13.5 million American workers search unsuccessfully for jobs And start ups tell me that tax cuts dont affect whether theyll create new jobs. In short, the tax cut rhetoric, while effective politics, is lousy economics.
George H. W. Bush wisely pointed out in his 1980 debate with Ronald Reagan that
expecting to balance the budget with tax cuts and defense spending increases was voodoo economics.
As Dick Cheney famously pointed out deficits dont matter.Do Tax Cuts Create Jobs? - Forbes
If the two sides don't compromise, a massive $600 billion in tax increases and spending cuts for 2013 would be triggered automatically in January the so-called fiscal cliff, which analysts say would jar the already weak economy.
Mostly following President Barack Obama's proposal, the Democratic bill would continue Bush-era tax cuts for everyone except individuals making at least $200,000 yearly and couples earning more than $250,000.
Senate ready for symbolic showdown on tax cuts - Yahoo! News
Do Tax Cuts Create Jobs?
The answer appears to be no for companies big and small. After all, U.S. public companies pay well-below the official 35% tax rate while 13.5 million American workers search unsuccessfully for jobs And start ups tell me that tax cuts dont affect whether theyll create new jobs. In short, the tax cut rhetoric, while effective politics, is lousy economics.
George H. W. Bush wisely pointed out in his 1980 debate with Ronald Reagan that
expecting to balance the budget with tax cuts and defense spending increases was voodoo economics.
As Dick Cheney famously pointed out deficits dont matter.Do Tax Cuts Create Jobs? - Forbes