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TIME: What Recovery?
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06-11-2011, 09:55 AM
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MaickiP
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Oct 2005
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641
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The Bush tax cuts that were extended for two years were for personal returns. Business tax policy is not part of that discussion.
Business won't hire until consumer demand for their products dictates increases in staffing, whether it be for production of products, service of customers or any other aspect of providing increased volume based on demand.
The problem there is that consumers with disposable income are choosing to save rather than spend. Consumers without disposable income, whether they are struggling because of lack of work or low wages, would spend more money if they had it.
The big triggers are employment and wages. And we've long established that tax cuts for the wealthy don't trickle down to middle and lower class workers. So tax and development policy needs to refocus on the safety net and entrepreneurial resources for those in the working class, not those who are already doing more than well.
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