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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (552184)	2/26/2010 10:57:12 PM
From: SilentZ	Respond to of 1576882

>Cutting taxes for small businesses is a way to provide those businesses with a cushion so that they don't have to lay people off. That saves jobs and that means consumption and end customer demand doesn't fall off the cliff. Then when demand comes back, the lower cost structure of these same businesses means they can hire more workers faster in the upturn. Doesn't make sense. The taxes are on profits. If they're making a profit, they shouldn't be laying anyone off. Small businesses generate 75% of the new jobs in this country. That continues to be this country's primary engine of growth. We need to protect and encourage that engine. >For every dollar of stimulus you give to small businesses, it has 3 times the multiplier effect of a dollar given to individuals. That also doesn't make sense. People who make under $70K a year spend nearly 100% of whatever they get. Small business owners take a cut before the money even gets anywhere. >I am almost always against tax cuts to individuals or any kind of welfare. It just doesn't work in the long run. Got any stats on that? -Z