Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (96570)	4/17/2009 4:15:30 PM
From: Metacomet	1 Recommendation Read Replies (1) of 116555

Most economists say tax cuts do not work as people just save the money or pay down debt. Not necessarily. That is why Obama is sponsoring tax cuts for 95% of Americans, regardless of what the airhead tea partiers are being told by Fox. By cutting taxes on those who have to spend for necessities, the economy is boosted. This whole tax increase mountain out of a mole hill is over the suggested 3% increase on folks making over a quarter million a year. Amazing how those fat cats can get stupid people to do their bidding.

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