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To: robnhood who wrote (149805)	3/4/2009 11:37:04 AM
From: Goose94	6 Recommendations Read Replies (3) \| Respond to of 313173

Peter Schiff, president, Euro Pacific Capital. watch.bnn.ca

To: robnhood who wrote (149805)	3/4/2009 12:06:50 PM
From: Valuepro	Read Replies (2) \| Respond to of 313173

Let me make is simple. Lower taxes = higher growth = great tax receipts. Alternatively, or concurrently, if we want throw money at this crisis, we should be giving tax credits and/or cash incentives to small business to higher new employees, increase deductibles for R&D, re institute the business investment tax credit. The US and Canada already have some of the most punitive (to business) tax rates in the industrialized world. Would not lowering taxes make us more competitive? Would not raising taxes make us less competitive? "Laying it on the working stiff is hardly fair." That is not workable in this environment either. With the US economy having some 70 percent of GDP derived from consumerism, we need to do things to make "the working stiff" spend more, not have more of their pay check going to taxes. Certainly, low unemployment will go a long way toward this end.