Allowing tax cuts to expire would push economy off cliff

Return To Article
Add a comment
  • There You Go Again Saint George, UT
    July 29, 2012 1:21 p.m.

    Lowering tax rates helps job creators create jobs?

    Tax rates have never been lower.

    Where are the jobs?

    Out-sourced and off-shored?


    So how is the problem solved?

    Lower taxes on job creators so they can stop creating jobs (in the US) even faster.


  • JoeBlow Far East USA, SC
    July 29, 2012 7:00 a.m.

    "Many economists warn that this dangerous combination of tax hikes and spending cuts"

    Well, Bruce. We have hugh deficits.

    We absolutely need to cut spending.

    Would that push the economy off a cliff?

    We have the lowest tax rates in 60 years. Would raising them push us off the cliff?

    "The ill-designed, across-the-board discretionary spending cuts — a result of the failed Deficit Super-committee — were never intended to take effect."

    Very True. They were meant to bring our elected officials together to work out a better deal.
    But, that takes compromise and one side believes that compromise means "give me everything I want or I will take my marbles and go home"

    So, you are not for spending cuts or tax cuts. I think that leaves us right where we are.

    In the words of Dr Phil, "hows that working out for us?"

  • Blue Salt Lake City, UT
    July 29, 2012 5:50 a.m.

    Mr. Josten, our economy thrived when taxes were much higher than they are now.

    Did the Bush tax cuts stimulate the economy? No, they did not. They merely ballooned the deficit.

    Readers should note that the U.S. Chamber of Commerce, which Mr. Josten represents, has nothing to do with the local chambers of commerce with which most of us are familiar. The US CoC principally represents the interests of multinational corporations and has a distinctive far-right political outlook.

    The US CoC is far more interested in protecting the profits of corporations that outsource US jobs to China and India (a practice they actively encourage) than improving the US economy.