It is NOT enough to cut taxes .. the government must reduce spending. Bush II spend gazillions invading AfPak and Iraq.
Reducing tax AND AND expenditures is ALWAYS ALWAYS ALWAYS an excellent economic stimulator......ALWAYS.
It is far from excellent for the investment class. This is a consumption based economy. Tax cuts are better served on the middle class which is the heart and soul of our economy. 70% of our economy is consumer spending. Investment accounts for 30% of the economy. That is why tax cuts for them do very little. The money they do save is typically kept, not invested. Also, for every dollar lost in revenue, there is only .59 cents in economic growth.
70% of our economy is consumer spending.
I've always hated that silly stupid stat.
Our GDP is Gross Domestic Product.
Consuming isn't producing. Sorry.
Also, for every dollar lost in revenue, there is only .59 cents in economic growth.
This is why I love tax cuts.
For every dollar that Americans get to keep of their own money, GDP grows by 59 cents.
Only an idiot, or a liberal, but then I repeat myself, would favor tax hikes.
Amazes me that people like you are to stupid to understand that those products that were produced and reflected in our GDP, were made to be........get ready for it...........consumed in some way, shape or form.
Why in the **** else do you think manufactures produce ANYTHING if those products were not being consumed?
And no matter how stupid you are, our economy (about 70%) is based on consumer spending. Government spending makes up the rest.
"Consuming isn't producing" Isn't that cute.
And producing something with out it ever being consumed is what you would call "smart business practices".
Right?