What America has given up for the Bush Tax Cuts

We can say tax breaks don't work because some are sitting on the sidelines but can't the same argument be made for bailouts? How much of this money was actually used for shovel-ready jobs? Many used it to pay off debt while much of it was used to pay off constituents.

Regardless of opinions on tax breaks or giveaways...Congress spends far too much money for things we don't need.

The lack of revenue didn't dig this hole. Overspending did!

 

Businesses don't know how far Obama will go with his socialistic visions. Businesses cannot commit resources until the future is more certain. It's pretty simple Red.

 

Overspending by both parties to reward supporters , buy new supporters and punnish those who support someone else has crippled this country. The manipulation of the tax code by both parties is the core problem at the heart of this country. A simple one page tax code will fix many problems. I have no problem with a low gradual tax rate with no deductions or handouts. This would take a lot of uncertainty out of the market and remove an excess of power from elected officials.

 

The problem is that the incentives are only short lived, esp. when they know there is the risk for higher taxes and costs of hiring, thanks to Obama's social agenda, IFF Obama gets re-elected for another four years. I don't think businesses are confident thriving under Obama's policies.

I hate seeing this great country going downhill at an accelerated pace with all the wastefull spending when they do not even have the money. They have got to figure out a way to be competitive in this global economy; increasing national debt is certainly not the smart thing to do.

 

If Obama is re-elected don't expect any of the money on the sidelines to magically start moving. Why spend or hire with these policies?

 

Could business be sitting on their money waiting the storm out until after the next election ? Could they be waiting the Obama term out?

 

Absolutely!

 

Would anyone be willing to accept a 1% national sales tax , exempting food , energy and medicine, to be used to pay down the debt and debt only?