Forget the fact that there simply isn't enough tax receipts increases to be gained from attempts to soak the rich. Forget that removing that money from the portion of the economy that has a possibility of contributing to GDP growth and placing it into the great abyss i s just simply a mistake. The bottom line is that tax increases will hurt the middle class and small businesses.
WE all know Tax HIKES alone will not balance the budget .. we've known that for years and years.. but it WILL bring us much closer to a reduced deficit. This is exactly what Obama and dems agreed to .. "A Balanced Plan" .. .looks like now we may get it..;) much much better
NOWForget that removing that money from the portion of the economy that has a possibility of contributing to GDP growth and placing it into the great abyss i s just simply a mistake.
I've been watching them sit on their money since the second bush tax cut ...if anything, they took the money and invested in cheap labor markets... you are aware aren't you? . .that bush had the WORST Job Record EVER, Aren't you ? and gee that was after TWO tax cuts, basically that takes away your 'worries' about the 'so-called job creators' http://blogs.wsj.com/economics/2009/01/09/bush-on-jobs-the-worst-track-record-on-record/
NOW IIForget that removing that money from the portion of the economy that has a possibility of contributing to GDP growth
We have already lost important points on the GDP, is it possible that you do not know why ? .....Well, it's simply because the government and the private sector have dropped more jobs then they ever have .. since 2008 ...business will not pick up - until the JOB & the Demand Deficit is solved ...Check the Brits, they too started their Austerity program before we did ..look at their results, same thing as ours ... lower gdp.