Just saying...John Yarmuth just made the most sense of anyone regarding the "tax cuts"

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Ugh. Can't type today.

Rep Yarmuth just said on the House floor that nobody (employers and small business folks) is going to make any adverse hiring/expansion decisions based on if their tax rate going up a few percentage points.

Completely neutralized the central theme of 'Pub tax cut argument.

:patriot:

[Lil Missy]

1. wut??

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2. CSPAN-1

Explained that never in his family's many successful business efforts they ever made a hiring/expansion decision because of the federal tax rate.

[malaise]

3. You may wish to add a'based on'

He said no one makes those decisions based on a tax increase of a few percentage points.

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4. Thanks!

Need to put my contacts in. :)

[Ramulux]

5. More importantly

If any business were to do that, it would be the equivalent of holding this countries economy hostage. They would basically be saying lower our tax rates or we will crater the economy. Everyone should be pushing this message, any business who refuses to hire over a few percentage points is un-american and should be shunned by everyone.

[Mudoria]

6. Looking at the country as a whole

I don't see the country making any inroads on unemployment with the tax cuts in place. Obviously not doing much except enriching the already wealthy and increasing the deficit.

[gmoney]

8. Don't you mean "the country as a hole" ?

heh, heh... wish I was kidding. :/

[gmoney]

7. Proof? The past 10 years or so?

I agree, the right can not use the "uncertainty" argument any longer either.

The tax rates have been historically low on the wealthy since the Bush Tax cuts kicked in, and there was no "uncertainty" about how long they would last.

The wealthy didn't do shit to create jobs. Instead, they offshored as much as possible, and "increased productivity" by making one person do the work that 2 or 3 formerly did, without paying them any more money.

Job creation sucked under Bush, and many/most of the people who are out of work now LOST their jobs under Bush, when there was still "certainty" about the tax rates.

A capitalist will not STOP earning because the tax rate is higher... instead, he should be motivated to gear up production to generate MORE profits to make up for the amount paid in taxes.