Quote:
Originally Posted by cologal
Richie....
I am really confused these tax cuts were enacted to encourage growth and create jobs. We should be able to agree, given the current situation they failed to do what they were supposed to do. What purpose do they have now? Let's forget about the last 8 years...lets just talk about the last year have these tax cuts helped to encourage growth or create jobs? I think not.
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Quote:
Originally Posted by bkcunningham1
You can't have tax cuts and outrageous spending and expect the tax cuts to work. You must be fiscally responsible which means cut taxes and curb spending together. The government can't continue to spend the money generated by the tax cuts (and more) and expect things to pick up.
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BK, wish I could make a point in so few words.
CG; A good business plan makes plans for the future. When the tax cuts were put in place, businesses could plan on lower costs and expand, creating jobs for themselves and others, who supplied them. This DID happen. When major elections take place, a wait and see attitude prevails and they may put their plans on hold until things shake out. In the last 1 1/2 years, businesses have had to revise plans to take into account massive increases to the cost of doing business. Expansion, except where absolutely necessary, is the first to go. Next you cut costs by trimming fat and convenience. If none of that works, you go out of business. I believe one of the reasons the number of jobs lost may be declining is that we're running out of jobs we can lose.