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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (299968)8/15/2006 12:44:06 AM
From: tejek  Read Replies (1) of 1572535
 
If tax cuts don't generate benefits within two years after implementation, then I think its pretty safe to say they are not very effective.

Why?

Because their stated intent or the way they are sold to the public is that they will help the economy come out of recession.

Also who said they don't generate any benefit within two years?

With the latest recession, it was consumer spending, primarily by the middle class, that brought the economy out of recession. The tax cuts mostly benefited the upper classes........the heads of corporations and the like. If tax cuts were effective, that should have led to heightened corporate spending......expansion of plants, the building of office buildings etc. Only in the past year has the country seen some office building. In fact, during this recovery, the wealthy have been MIA.
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