The real party of NO, the GOP, steps it up

[hoovesupsideyourhead]

Originally Posted by Riot

I just googled and searched, and I could not find one economist who said extending the Bush tax cuts for the wealthiest would create jobs. I did find where even Dick Cheney says they do not But he's not an economist.

Find me one economist that says this is true, that the Bush tax cuts for the wealthy will create jobs.

I can find 20 that say not to do it. Find me one that says it's a good idea. Go ahead, convince me to change my mind.

Tax cuts that reward putting money in a business owners pocket does not make that person chose to rather invest it into his business. It takes money out of the business. People do not hire more, produce more, make more capital investment until the consumer demand is there, first. They do not do any of that just because they have a little extra money in their pocket. That's a good way to go broke - have more business than you have demand for!

And let's get straight what the "wealthiest" pay in taxes: it averages about 17-18% (because they have deductions and accountants and tax shelters). And the tax cuts for those up to $250K? That is on adjusted gross, not gross. So extending tax cuts up $250 covers people whose gross is up to $300 at least.

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And this appears to NOT be a done deal in the House:

ok lets say you are a small busness owner with some of your own money invested. you have 4 employees.and not making head way you keep employee number 4 on because hes loyal shows up on time ect. now if you lose your tax break. what happens.. hes gone period..you down size..in hopes of the big economic bounce back your waiting for..and waiting for..now this owner may make 300k or higher..whats good about this picture.
there arent enough chairs..