You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #7: Tax cuts to consumers do indeed create jobs [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
taught_me_patience Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-12-11 04:56 PM
Response to Original message
7. Tax cuts to consumers do indeed create jobs
by stimulating demand. Nearly all forms of fiscal stimulus, whether tax cuts, transfer payments, or direct stimulus is TEMPORARY. The effect of bush tax cuts wore off a long time ago, just like the effect of the 700B Obama stimulus will wear off eventually.

If you are talking about supply-side tax cuts for business, then you have a better argument that those tax cuts don't produce jobs. However, an argument could be made that if you cut corporate tax rates to below the top income rate, small business will be incentivized to keep reinvesting profits into the business instead of taken out as ordinary income. This would surely lead to job creation.
Printer Friendly | Permalink |  | Top
 

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC