I think the real point is that we have been lowering to tax rate to get more people employed and it doesn't seem to work out. We lowered taxes in 2001 and didn't get more jobs, we lowered them a bit more just recently and didn't get more jobs, now the new plan is to lower them to zero for corporations in order to get more jobs.
What are the chances it will work this time when it hasn't worked before?
I hear what you're saying .. but I'm saying owning a company is not an easy thing to do and there is a lot of work and drawbacks to being your own boss .. sure their are benefits if your business does well - but there are probably more new companies that go under than new companies that succeed each year.
Certainly true, but do we really have to redistribute wealth in this particular way?
Better than the government making a bad as usual attempt at redistribute the wealth thing that don't work. We would have been better off giving that stimulus money to the people directly: roughly $2500 for ever person (including kids) tax free and what the economy explode (or if smart savings grow).
That isn't really such a bad idea, and I think lowering the payroll deductions kinda does that, in small chunks each payday.
But really, I wouldn't mind lowering taxes if doing so did as advertised. The fact is that we have done that several times now and it doesn't seem to improve employment. It doesn't work.
The last time we lowered taxes (last year) it didn't improve employment. The time before that when we lowered taxes, in 2001, it didn't do much for employment.
How many times do we have to do this and not get the promised result before try something else?
Big_T
The "RAW STORY" makes it sound so easy ..why, people should start their own corporations then and hire as many people as they want .. just snap your fingers and you too could be a rich CEO of your own corporation - then you could be master of your own destiny.