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Gray wolf

Would the House Republican plan to tax cut our way out of the economy crisis work?

The counter-package proposed by House Republicans, would shift focus entirely from spending to tax relief.
Asiseeit:

Put the money in the hands of the people and let banks, investment houses, automobile makers, manufacturers of all goods, even grocers compete for it.
There will be no increased demand for goods and services from any business resulting from the government paying their bill for them,

Gbob_north:

Your answer is right, but it's not long enough, people won't believe you've nailed it till you bore them to death, be more long winded.

BUD 28:

gbob_north, Joe Sixpack likes the KISS explanation. I vote asiseeit for the best answer.

Gbob_north:

You don't have to get through to J6P.

Shippergirl:

Tax cuts don't pay for proposed gov't costs or the national debt - they can only line the pockets of those with a job and good income. People on the lower end of the economic spectrum or unemployed, will not benefit - higher income people would benefit and likely spend this extra cash on illegal or immoral high buck stuff. The extra tax savings money, will not create jobs - it's just a cover for personal greed. Everyone enjoys using our national roads, trails, recreation and wilderness areas... these things are in need of maintenance - capitol investment projects that have been on the back burner, due to lack of funds - this is a unique opportunity to fix our resources - create jobs and get stuff done, before the resources are lost forever, due to lack of funds or maintenance.

Asiseeit:

Approximately 5% of the so called "stimulus" is allocated for infrastructure and even that amount must filter through another layer of government as the individual States will be the administers.

Shippergirl:

Need to reduce the proposed education allotment, to improve teachers pay - should just tip them for good work. Anyway, that money should fund more infrastructure projects and direct job creation. Sounds like there is indeed some pork to be carved away first.

Pegalomania The Artsqueen:

Depends on the plan, some Republicans are urging no tax of any kind for one year. That would put immediate money into the pockets of everyone, no doubt. Let the States look at themselves, and the Feds look at themselves, and give those of us who pay for everything, the tax-payers, give us a break for a change. The government coffers come from somewhere, people like me!

Russ:

no...no more than the other spend our way will work...

Pegalomania The Artsqueen:

Forgive me, the Republicans & Democrats have completely different philosophies of fairness and how to give to the rich, and determine how to tax the rich. New York State is short a billion dollars because the CEO's in their state were not given their bonus. Trickle down works, ask the New York State Treasury how they are feeling.

Mada1962:

absolutely not, might help, but the economic crisis isn't so complicated as over taxation, under taxation, or anything of the sort. It's far simpler then all that when it comes down to it.
The most basic economics are an indavidual (in this case the entire population of the USA) Spends more then they make they will run out of money and go in debt (as we have) In this case I'm talking about importing and exporting. We as a country export very little, and import in mass, this creates a negative trend.
How do we solve this?
Simple! First we need to move our jobs from over seas back home and adapt businesses to be more compedative with the foreign market. (this means taking an axe to unions in manufacturing and production and processing of raw materials, wage reductions in over paid jobs such as corperate management, among many other things.) There by increasing a exporting.
Second (not nessisarily in this order or priority) we need to reduce or imports however possible. Again moving jobs back on US soil alone will reduce the amounts of manufactured goods imported. I was to see "Made in the USA" on my products again, compared to some countries I frankly can pronouce let alone spell. The other things we can do is buy from companies that are US based rather then who import everything. (IE avoid Walmart for example, and opt to hit up the struggling mom and pop shop in town) And lastly reduce your carbon foot print. Our biggest imports are gas and coal, they are very hostile to our envirornment and rather expensive. We invest more in renewable power, drive less, do what we can to reduce the power we waste (turn off the light you left on in the kitchen) every bit reduces how much fuel we burn, burn less fuel means we don't buy as much, we don't buy as much then we've reduced our rate of importing.
Are these changes doable over night? Absolutely not, but you have to start somewhere or it'll never change.

Gray wolf:

Very nice answer.
Thanks

Dollar brand:

It would take many years of tax cuts to put the economy back on track, and no new jobs will develop, no housing help, no funds for the auto industry, no lines of credit from the banks, and nothing would get fixed. I would say, do the trillion dollar recovery, put all financial institutions back up and running. People need to spend money, so establishments can make money, and then more jobs will develop............ASAP

Shippergirl:

Very good answer - got my vote

Dollar brand:

Thanks...........Geo

Dollar brand:

Shhhhhhhhhh.........

Asiseeit:

How many years will it take tax payers, their children and grandchildren to repay the loans for these "stimulus Packages"?
Demand for goods and services creates jobs. Paying bills for GM and AIG, and others will not create jobs.

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