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Thread: Jobs recovery suffers setback in March

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by JasonI View Post
    How many of them deal with tax cuts and deregulation?
    You cannot do research on your own?

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Grant View Post
    You cannot do research on your own?
    I know the answer, but as of yet, not one of you has answered my question...you all just seem to be deflecting...

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Hare View Post
    By the same token, there is zero incentive to increase employment or production if their is a lack of demand. The lack of demand is stemming from deleveraging and a lack of disposable income for the lower income brackets, not tax rates on the wealthy or lack of production.

    Regulations could certainly be scaled back you have no argument from me on that point.

    I didn't call for increased government spending (stimulus) or higher tax rates, but additional tax cuts wouldn't stimulate demand in this economic climate, nor are they feasible in my humble opinion.
    "Tax Cuts" ? I presume you mean a lowering of all government revenue streams so as to actually reduce money paid to government ? If so, then I would think you would praise Republican, and even such as Bowles-Simpson, for they increase revenue to government. And they were demonized and rejected by Obama and the Democrats. Heck, Obama's own Bowles-Simpson Commission lowered the top rate. But it closed other loopholes. As does Ryan's Plan.

    Or do you mean "tax cuts" as in we need to raise rates on the rich ? Which will not accomplish anything of postive fiscal significance, btw. But it sure gets all the libs sexually aroused

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Hare View Post
    By the same token, there is zero incentive to increase employment or production if their is a lack of demand. The lack of demand is stemming from deleveraging and a lack of disposable income for the lower income brackets, not tax rates on the wealthy or lack of production.

    Business compiles its forecasts on future demand on known tangibles. If you have prior statements, and actions by the administration, and liberal leaders in the Senate stating how if they can't get business strangling policies through into law, then they will bypass the congressional path in favor of regulatory sledge hammering, you as a business owner are left uncertain of what the future holds, and you hold back on expansion, hiring, and production. When that happens it is easy to forecast low demand.

    Regulations could certainly be scaled back you have no argument from me on that point.
    But it has to be done in a real way, not just lip service.

    I didn't call for increased government spending (stimulus) or higher tax rates, but additional tax cuts wouldn't stimulate demand in this economic climate, nor are they feasible in my humble opinion.
    Our tax code is unbelievably complex. It is not understandable to the average person, and it is purposely confusing to the tune of some 88,000 pages. This is stupid. Simplify, broaden, and lower. More revenue will come in if we just did that.

    j-mac
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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by JasonI View Post
    How many of them deal with tax cuts and deregulation?
    I don't think Congress should be sitting around crafting or passing "jobs bills" at all. Government's job is not to conjure up jobs for us.


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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by JasonI View Post
    How many of them deal with tax cuts and deregulation?
    Probably in some form or another all of them. But, that is not to say that this is the entirety of the plans. That would be a lie.

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Hare View Post
    By the same token, there is zero incentive to increase employment or production if their is a lack of demand.
    ah, but unrealized demand is infinite, remember?

    There is high demand for luxury cars in America right now - just not at current prices. The innovator who can figure out how to lower the price of a mercedes-benz quality vehicle to $3,500 will find out that he has plenty of demand indeed.

    if you want to increase economic activity (growth), therefore, you need to find ways to increase the creation of supply and enable innovation. Except that our innovators are our small businesses - and it is they who feel most heavily the burden of governance. Large businesses like regulatory states. They can typically steer the regulatory committees, and it increases the cost threshold to get into the business, thus protecting them from competition. It's the small businesses that create jobs and are the strongest engines for long-term growth that suffer when we increase regulation and taxes.

    The lack of demand is stemming from deleveraging and a lack of disposable income for the lower income brackets, not tax rates on the wealthy or lack of production.
    You are right on everything except for the last point. Businesses are currently sitting on unprecedented amounts of cash for the simple reason that nobody knows what shoe is going to drop next. Is the EPA going to be able to pass it's law effectively killing any new power plants, thus sending up the price of energy? Are the tax rates about tho jump? What will Obamacare cost and require? What will the impact of Dodd-Frank on my business be? Nobody knows the answers to these questions, and so everyone holds their breath and hopes for the best while preparing for the worst.

    I would be willing to take the Bowles-Simpson Tax plans that left us with higher effective tax rates just so long as they were left stable.

    Regulations could certainly be scaled back you have no argument from me on that point.
    fair 'nuff

    I didn't call for increased government spending (stimulus) or higher tax rates, but additional tax cuts wouldn't stimulate demand in this economic climate, nor are they feasible in my humble opinion.
    I would say that it's less the nominal rate changes, and more the efficiency savings. In 2010, America spent about $431 Billion in compliance costs - most of it trying to figure out and then minimize our exposure to the tax code. $431 Bn is roughly the entire economy of Taiwan. It is enough to fight Iraq, and Afghanistan while funding the Department of Agriculture, Department of Education, Department of Energy, and NASA. Reducing that drag on economic activity through tax code simplification would be where I would look to if I were looking to stimulate economic activity through tax reform.

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Eighty Deuce View Post
    Heck, Obama's own Bowles-Simpson Commission lowered the top rate. But it closed other loopholes.
    There was no consensus recommendation by the commission, unfortunately.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by Neomalthusian View Post
    I don't think Congress should be sitting around crafting or passing "jobs bills" at all. Government's job is not to conjure up jobs for us.
    did you look at them?

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    Re: Jobs recovery suffers setback in March

    Quote Originally Posted by j-mac View Post
    Business compiles its forecasts on future demand on known tangibles. If you have prior statements, and actions by the administration, and liberal leaders in the Senate stating how if they can't get business strangling policies through into law, then they will bypass the congressional path in favor of regulatory sledge hammering, you as a business owner are left uncertain of what the future holds, and you hold back on expansion, hiring, and production. When that happens it is easy to forecast low demand.



    But it has to be done in a real way, not just lip service.



    Our tax code is unbelievably complex. It is not understandable to the average person, and it is purposely confusing to the tune of some 88,000 pages. This is stupid. Simplify, broaden, and lower. More revenue will come in if we just did that.

    j-mac
    You're confusing lack of demand with ease of production, there are plenty of businesses that undergo a heavy regulatory burden that still have a vast demand for their products.

    Ok

    Sure

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