Quote:
Originally Posted by VtSteve
It's a long overdue increase, and appears to be well thought out, even setting aside a $1 for eradication of milfoil.
The key to tax policy is to have people mature enough to look carefully at the issues, and adjust according to both need and impacts. As a business owner, I was flabbergasted when I heard the government proclaim that if taxes were cut for wealthier people and companies, there would be more jobs and growth, since companies would hire more people.
I gotta tell you honestly. Any CEO that would hire more people based on tax cuts would be the first person I sent a pink slip to. There's been a fundamental disconnect in my party as to what business is all about. If you lower my taxes, I will NOT increase spending, simple as that. If you increase my taxes, ditto on that.
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You are absolutely correct. Why would any sane business invest in building and staffing a factory because there taxes were decreased. They could offload the business to a low labor cost country and keep the tax decrease to increase their profit. Pure business 101. We have seen what unregulated capitalism will do to the economy. Not that we don't have enough regulations, but that business have found a way to get around them and the dumb bureaucratic agencies charged with enforcing the laws have gotten in bed with the company's. None of those officials or departments have been fired for the disaster they have brought upon us taxpayers.