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Since Bush tax cuts didn't spear head the return of jobs back to the U.S, how do the newly installed House Majority plan to get the jobs back with their new version of tax cuts?
The extention of the Bush tax cuts for ALL Americans, not just the top earners, will help because people will have more money to invest into the economy. I have never heard anyone say it will bring jobs back to the US but it may help create new jobs. If you are talking about old manufacturing jobs I believe they will never come back, nor should they in a free market world economy. Didn't Biden say that this was the new normal?
The extention of the Bush tax cuts for ALL Americans, not just the top earners, will help because people will have more money to invest into the economy. I have never heard anyone say it will bring jobs back to the US but it may help create new jobs. If you are talking about old manufacturing jobs I believe they will never come back, nor should they in a free market world economy. Didn't Biden say that this was the new normal?
So in other words, neither party which is controlled by Repbulicans will do NOTHING as usual to bring these jobs back to the U.S. There is no guarantee that by extending Bush tax cuts that these jobs will be created in the U.S. Its not just the manufacture jobs. Tech, Customer Service, Project Managers, Collections ect have been outsourced out of the U.S.
Doesn't matter one way or the other if any jobs are created. They can claim that if they didn't extend the Bush tax cuts then we would have lost another gazillion jobs. Just like Obama and Bidon have been saying for the past 18 months, in regards to the stimulus that didn't create hardly a job. Thats how it works, politicians on both sides always claim victory no matter the out come.
Since Bush tax cuts didn't spear head the return of jobs back to the U.S, how do the newly installed House Majority plan to get the jobs back with their new version of tax cuts?
The Bush Tax Cuts have nothing to do with returning jobs back to the United States. They are all about making sure the wealthiest Americans keep as much money as possible.
The Bush Tax Cuts have nothing to do with returning jobs back to the United States. They are all about making sure the wealthiest Americans keep as much money as possible.
The Bush Tax Cuts have nothing to do with returning jobs back to the United States. They are all about making sure the wealthiest Americans keep as much money as possible.
I'm not one of the 'wealthiest Americans' but I'd sorta like to keep as much of MY money as possible also.
Understand that extending the tax cuts does NOT create jobs.
It SAVES jobs. It would save at least three jobs just at our house, I can tell you that.
It encourages spending by those who can afford to spend (the higher ups in the middle class and up from there), thereby freeing up cash.
My hoarding more cash because you've taxed me more does not help the economy whatsoever. But free more of it up, and I will redistribute it in the form of jobs, purchasing goods and services, etc, that I would not otherwise.
Normally I wouldn't post on this particular part of the forums because it is so inudated with emotional hyperbole, but this question (while formated in a manner to incite anger) actually has some merit for serious logical dialoge.
One of the principal reasons the major companies have been hording their cash reserves, (an estemated 4.5 trillion dollars by some reports in the main stream media) is as insurance against attacks by the government through regulation.
If the new congress codifies the tax cuts for the country and establishes a solid code the businessmen can see as a stable cost over a period of time, then they will start using their cash reserves to increase their business which equals more jobs and a better economy.
The government does have the ability to bring business and jobs back from overseas, not by demanding and penalizing, but by providing a better business climate. Legislate ways to protect companies from frivolous lawsuits, limit the taxes, open the door to everyone to work such as right to work, and the business climate becomes more inviting to work here.
We rank in the top 5 countries in the world for highest business taxes. Cutting taxes and providing a stable regulatory climate would go a long way toward bringing companies home.
Cheap labor is an incentive to go overseas, but shipping costs a lot of money as does maintaining infrastructure in both the overseas site and the home offices. What the primary draw of overseas plants are is the fact that most do not overregulate and create a hostile atmosphere for business to build and expand.
If you make the cost of doing business in the US less than the costs associated with making and shipping your costs here, the companies will come back, simple bottom line.
If you want the companies to come home, you must make it a better place to be than where they are, it is that simple.
Constant attacks by the left and demands to tax corporations out of existance do not create a climate that makes business want to be here.
We also need to reform the education system to produce people who can actually read and write and do basic mathematics.
We throw billions at the education system, but our students performance keeps dropping.
Companies need a workforce that can read instructions, add up their time cards, and write down production and order parts. If we have an illiterate workforce, why pay high wage when you get the same thing overseas for pennies?
Just my 2 cents.
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How soon will the Republicans tax cut to the wealthy bring Jobs back to the U.S
