Quote:
Originally Posted by MTI
How about raising taxes?
While I don't disagree with the proposal that individuals or organizations that create jobs or stimulate the economy should be encouraged by a lower rate, the current system does not specifically tie either job creation or economic stimulus with qualifying for the lower rate. If a taxable entity hires Amercian workers and increases industry in the US . . . give them the incentive, but if that entity's profits are from moving operations offshore, downsizing and sitting on profits, then perhaps they won't get a break on taxes. Right now, the tax incentives seem to be all "carrot" and no "stick"
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With the economy already in the doldrums, how much of a tax increase can it stand before it collapses? I don't have the answer, just asking.
I am not an economist---but then they haven't done such a great job, either.
As for your proposal, i don't know. I wouldn't reject it out of hand, but I wouldn't endorse it without more study. It is a darn sight more than I hear from the dems, though.