i think the U.S. business press generally sees any tax cut, but especially tax cuts on the very wealthy (“the investor class”, i.e. the U.S. business press’s readers) as by definition stimulative.
i never understood why proponents of the stimulative effect of tax cuts for rich people think that “letting people keep more of their own money” has such a boost on the economy, but giving people month through “pork barrel projects” (i.e. paying people to improve the infrastructure of this country) does not. either way, more money is in the hands of people who could go out and spend it. it’s almost like they think people only spend money they get by virtue of a tax cut and not the money they get in their paycheck.
The better for the Repubs to be able to say government stimulus doesn’t work….
i think the U.S. business press generally sees any tax cut, but especially tax cuts on the very wealthy (“the investor class”, i.e. the U.S. business press’s readers) as by definition stimulative.
i never understood why proponents of the stimulative effect of tax cuts for rich people think that “letting people keep more of their own money” has such a boost on the economy, but giving people month through “pork barrel projects” (i.e. paying people to improve the infrastructure of this country) does not. either way, more money is in the hands of people who could go out and spend it. it’s almost like they think people only spend money they get by virtue of a tax cut and not the money they get in their paycheck.
The better for the Repubs to be able to say government stimulus doesn’t work….