Quote:
Originally Posted by Local2ED
December 2010 republicans say letting the bush-era tax hikes continue will create jobs.
August 4th. 2011- Where are the jobs 
Should have read "bush-era tax cuts" |
You can't isolate one factor and expect that to control the economy. ( Well, I suppose you can, but it would lead to erroneous conclusions).
Along with the Bush tax cuts/ hike there is the need for business to have reason to expect consistency in future regulation. Yet, as soon as the President signed the debt ceiling into law he, and all the dems are talking again, about letting the tax cuts expire. You think businesses are going to risk venture capital with that level of uncertainty hanging over them?
Business would like a 3 or 4 year moratorium on tax and fee increases, and a long lead time on changes after that.
Stability is the name of the game for business growth.