Quote:
Originally Posted by cologal
These tax cuts didn't spur growth or create jobs when they were first introduced. You asked how a tax increase will create new jobs....my question is only the reverse...How many jobs will be created now by these more than 8 year old tax cuts.....Surely that should be easy to answer.
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Many employers are playing the "wait and see" game. Many stopped hiring and in fact started "laying off" when Obama got the democrat nomination for president. I suspect that if nothing is done and taxes increase by default, you will, indeed see a double dip recession or a true depression.