Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?

Hmm....isn't that what Bush did? If that would have helped...why are we where we are today?



In the history of our country...there has NEVER been tax cuts while we were at war. Yet Bush had TWO wars. Perhaps the republicans all failed their math courses.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Yes...if they were to provide financial relief (in the form of tax cuts) to all the companies that employ citizens, the companies can increase their exploitation of known market opportunities, hire more people, and grow the GDP.



People motivated to earn a buck can do more than any governemnt bureacrat motivated to waste a buck. It is a scientific fact!Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
It cannot be determined but if history is any indicator, then the answer is that tax cuts are more likely to result in jobs and economic growth than spending is.



We have many instances of governments NOT fixing recessions by trying massive spending (U.S. in the 30's, Japan in the 90's, etc.). We also have some great examples of tax cuts getting us out of these cycles (U.S. in 1981 and 2001).



It's the small businesses in America that create jobs. No amount of wasteful govt. pork projects will create permanant, high paying jobs.



Give us small business owners a break from heavy tax burdens and we're likely to add jobs, plant, equipment, etc.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Cutting taxes on Corporations is always good, look at Ireland, they cut there Corp tax to 12%(ours is 3 times that much) and their economy soared. Govt interfering with how people did business got us into this mess, I don't trust them to get us out. Give the businesses some breaks and stand back. Watch how fast WE the people can take care of ourselves.
Unlikely at this point, because tax cuts will not necessarily lead to increased demand. The poster above who states that those with more money buy more is at the moment incorrect, because we have started saving and paying down debt rather than purchasing new products and fresh entertainment.





Bottom line--Employers aren't going to hire any new workers if they don't have any customers...Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?Yes, and Obama needs to take a good look at all the spending going on in Congress (like he said he would) and cut the programs that aren't working, which needs to be done now. Stop wasteful spending, like everyday citizens have done.Is cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
How about a six month tax holiday. The more money you have, the more you spend and help put people to work. This is a far better stimulus than robbing us of our livelihoods, and poutting us further into debt.

When is the last time you lived on your credit card without going further into the neverending black hole of no return?



Edit: We never had economic problems until the Congress of 2006!



Carmen

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I don't know, i think the economists on both the Republican and Democratic sides would have to consult their crystal balls o n this oneIs cutting taxes likely to fix the financial crisis in lieu of a stimulus bill?
No because it's tax cuts that have partially gotten us into this mess in the first place.
no but it would help most Americans to have some tax relief during these trying times

we probably need bothe
If tax cuts are so good how come we're in this mess?

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