Tax cuts a hard sell? I have my doubts
NY Times:
I don't consider myself extraordinary in that regard. Those who live off of a paycheck will also benefit from lower taxes and increased opportunities as a result of the tax cuts. As the job market improves the blue collar workers are already seeing raises. Even if those who benefit the most from tax cuts do not invest them in business expansion, the money will not sit idle. It will either be invested or spent and both are good for the economy.
At one time I built and sold custom furniture. Guess who buys it? Rich people who use interior decorators. The decorators earn money from the expenditures as does the furniture maker. If the government is sucking up all the disposable income of the rich, the decorators will get less work and so will those who provide them with products. The government is sucking the life out of small businesses that could expand production and add workers which would lead to the purchase of more equipment which would also stimulate the economy.
If you sit in a newsroom in New York and do not interact with businesses other than retailers, you might not understand the benefits of tax cuts to the economy as a whole. The Democrats' luxury tax in the 90's did great damage to the yacht manufacturing business and put many workers out of a job. They really need to put aside their hatred for the rich and how they spend money if they care about ordinary Americans who make a living by producing goods and services for them.
As for liberal rich people who think they are not taxed enough, they can always fire their accountant and fill out the form themselves and then make an additional voluntary contribution to the government. Everyone else should have the freedom to spend their money more productively.
If you operate a small business tax cuts are not a hard sell. Even if you do not pay that much in taxes, the effort to produce a tax return can be time-consuming and expensive and it is mostly unproductive time that would be better spent managing your business. I literally hate the process of filling out the return and rounding up all the pieces of paper and data needed to do it.Conservative Groups Seeking Support for Tax Cuts Find It a Hard Sell
Groups like the Koch-funded Americans for Prosperity are trying to convince ordinary Americans that this is good for them too.
I don't consider myself extraordinary in that regard. Those who live off of a paycheck will also benefit from lower taxes and increased opportunities as a result of the tax cuts. As the job market improves the blue collar workers are already seeing raises. Even if those who benefit the most from tax cuts do not invest them in business expansion, the money will not sit idle. It will either be invested or spent and both are good for the economy.
At one time I built and sold custom furniture. Guess who buys it? Rich people who use interior decorators. The decorators earn money from the expenditures as does the furniture maker. If the government is sucking up all the disposable income of the rich, the decorators will get less work and so will those who provide them with products. The government is sucking the life out of small businesses that could expand production and add workers which would lead to the purchase of more equipment which would also stimulate the economy.
If you sit in a newsroom in New York and do not interact with businesses other than retailers, you might not understand the benefits of tax cuts to the economy as a whole. The Democrats' luxury tax in the 90's did great damage to the yacht manufacturing business and put many workers out of a job. They really need to put aside their hatred for the rich and how they spend money if they care about ordinary Americans who make a living by producing goods and services for them.
As for liberal rich people who think they are not taxed enough, they can always fire their accountant and fill out the form themselves and then make an additional voluntary contribution to the government. Everyone else should have the freedom to spend their money more productively.
A vibrant economy is based on the disposible income of the middle class not the rich. BC and GOP of the 90'$ $hiffted our economy to commie China. Thus undermining our sovereignty and safety. We need those jobs back or it over.
ReplyDeleteWe need small business De regulation and simlified tax policy. But it isnt the riches disposable income but the middle classes that contributes to a vibraite US ECONOMY. Sadly theirs is now based on credit since their jobs have been exported to the Chinese. Our country is living on borrowed time if we dont reverse direction and bring our jobs back instead of empower and embolden the commie despotic Chinese. Isnt so cheap when we loose our freedoms.
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