The CBO (Congressional Budget Office) just released a report listing the best ways to create jobs in America.
Number One - Increasing aid to the unemployed.
Number Two - Reducing employers' payroll taxes for hiring firms.
Number Three - Reducing employers' payroll taxes (all firms)
Number Four - Refundable tax credits for low and middle income homes.
Number Five - Full expensing of investment costs.
Number Six - Subsidizing the interest rate on certain refinanced mortgages.
Number Seven - Reducing employees' payroll taxes.
Number Eight - Extending the alternative tax patch.
Number Nine - Non-Infrastructure aid to states.
Number Ten - Extending the Bush tax cuts.
So it appears the Republican whining about the necessity of continuing tax breaks for the wealthy, who they refer to as "job creators," doesn't actually do very much to boost the economy, according to the non-partisan CBO. They also noted that another Republican mantel-piece, the tax holiday for repatriated corporate earnings, would do very little to create new jobs, either.
This all comes down to one basic fact that conservative ideology completely ignores time and time again. That demand is what creates jobs. When wages go down as they have for the past 30 years, you deprive Americans of the ability to buy more goods.
And no company, despite the enormous profits most of them are reporting, is going to create new jobs when there is no increase in demand for their products. That's why we watch companies reporting multi-million dollar profits continue to stand pat or announce thousands of lay-offs.
Rod Livdahl
Mesa
Dale Whiting posted at 9:34 am on Sun, Dec 4, 2011.
Yes, Rod, the picture is imbarrassingly simple. Cut payroll taxes on the common man, the one who creates demand, by putting more money into his pocket. Forget about infrastructer spending, at least as a center piece of job creation. There is money aplenty in the pockets of those who can and will create jobs when the demand shows up. And just who is it who cooperated with extending the Buch tax cuts and is now calling for payroll tax relief? Oh, our Democratic President. So Republicans cannnot cooperate with that idea. Vote 'em all out in December 2012, ever last Neo-con.
samkat posted at 3:01 pm on Sun, Dec 4, 2011.
Guess who sets the tone for the CBO reports? The parameters are predetermined so the report is a reflection of what is desired by the group requesting the information.
I would like to see the actual report and who requested it. Cutting payroll taxes is nothing more than a ploy by the conservatives to dismantle Social Security and Medicare.
If I was going for real savings, I would start an aggressive program of reducing or eliminating tax deductions and exemptions. Then kill all laws allowing offshore incorporations. Follow the money trail and then tax increases can probably be minimized.
Leon Ceniceros posted at 12:20 am on Mon, Dec 5, 2011.
And just where is America going to get the money to pay for all of these Democrat "Give-Aways".........from the Red Chinese Army Pension Fund.....duh ???
America is already beholding to the Commies for "TRILLIONS" of dollars in US Treasury Bonds as it is. You don't get out of a financial hole by.......digging deeper...Folks.
40% of every single US Dollar Bill goes to paying off the interest on Obama's $15,000,000,000,000.00 = $15 Trillion Dollar Debt and now the Democrats want to .............SPEND OUR WAY OUT OF THE RECESSION !!!
If this would work...every wife in America would be writting "RUBBER CHECKS"...to all pay all the families bills...all across our Nation...but they don't want to end up in jail if they did.
Abstract01 posted at 12:58 am on Mon, Dec 5, 2011.
Why, oh why, oh why is it that you focus on tax cuts vs. tax hikes (for anybody!)?
If you want to become profitable, you reduce expenditures, and/or offer more value for the price you charge.
If you cannot reduce expenditures, and the market will not pay more for your product, you do not stay in business.
Government business is no different. It must streamline its operation or it will go bust. When the government goes bust, there will be major social upheaval and the most aggressive will win control. That is what happened in Russia during the bolshevik revolution. That is what happened in China after World War 2.
Those communistic dictatorships surely did make everyone equal. Equally poor, downtrodden, and without hope. Is that what you want for the future?
Peaceful change requires personal activism. Revolutionary change also requires personal activism. Either way, make your voice heard!