Quote:
Originally Posted by Bond
Could you please elaborate on your view that tax cuts hurt the economy? Also, do you believe, in reverse, that tax increases help the economy?
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Well, he is right in the sense that we've gone through it a bit recently, and aren't in the best condition.
And as stated before, the middle/lower class are less likely to spend the money they get back instead using it to save or pay off debt.
Now the concept is giving larger companies tax breaks will allow them to invest in more jobs and stuff, but there has to be a demand for their product or service and if the lower/middle class people aren't buying that chews up a lot of your potential audience.