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Reaganomic's whatever that means, beat's commie Carter era 21% interest rates! Reagan started a serious all American recovery from all the Dem.'s BS, fantasy economics.
Tax breaks should be given to owners of small businesses specifically for hiring employees and doing other things that expand the business. Also to anyone who hires other people (for yard work, house work, etc.).
The people and corporations at the very top pay virtually nothing in taxes; our politicians set it up that way. They never will; all your "tax the rich" dogma is simply used by the elite to tax the working middle class. They bear the burden of the entire, massive, parasitic cancer known as government. Taxes as a whole must be reduced by 75% or more if this economy and this Country is to recover.
I don't see it happening under this Socialist Totalitarian Administration, which finds the current economic disaster an opportunity to expand government power and spending.
Lol, too funny. That link pretty much makes the case that tax cuts work. After Reagan's tax cut, the economy grew at an unprecedented 7.3% within 1 quarter according to the chart. When taxes were cut again in the mid-80s GDP growth went up yet again. Following a small tax increase in the early 90s growth actually slowed. Same for the unemployment chart at that link. Following the tax cuts the unemployment rate drops by a huge margin in 1983.
Try again.
Also, I would be one to argue that manipulation of the tax code follows the law of diminishing returns. Reagan's tax cuts worked because the cuts were so large in the early 80s. Cutting them in the late 80s did not work as well because the rates did not fall nearly as much. When taxes went up in 1993 it stymied growth, but only for about two years before people became accustomed to the new rates, and it was no longer an issue.
Between 1950 and 1960 when the top rate was in the 90% range, we had 3 recessions in that one period alone. Between 1969 and 1982 while rates were in the 70% range, there were 4 recessions. Since Reagan's tax cuts instead of having several successive recessions we have had one recession roughly every 10 years - 1990-1991, 2000-2001, and 2008-2009.
I didn't really read the link I was just answering the question as to who thought cutting taxes of the rich created jobs. But since you bring up Reagan's tax cuts, he really had a tax increase but not for the wealthy. He lowered the rich (corporate) tax but increased the individual income taxes. If memory serves me, there were a lot of minimum wage hamburger flipping jobs back then. He paved the way for the get rich on wall street crowd and corporations created a lot of new jobs overseas. Pretty much widened the gap between the have and have not at home. Not really my idea of an economic recovery.
Personal wealth does not create jobs companies do.
What do you do when you have personal wealth?
You buy stuff, you improve your house or move to a new one, you invest it. The point is that you spend the money, therefore create jobs, either directly by hiring a contractor (33% unemployed now in this sector), or indirectly by having other people manufacture, buy, and or sell what you buy.
Make sense?
I wonder if the wealthy who control companies, instead of creating jobs in this country would rather send more jobs overseas or to Mexico or buy the lastest in technology that can replace a bunch of workers? If this is common, little wonder the unemployment rate is dropping so slow.
If government will incentive business to leave the jobs here, by giving them tax breaks, not forcing them to deal with unions, we will create jobs, and smarter jobs.
If you have generation of children being brain wash against ventures like Walmart because they don't have unions, then you'll have companies leaving the us like Ford.
Government job is to create conditions that would attract business, and that would help Joe the Plumber decide to open his own business.
You do not open a new business when you are not sure what will happen with your taxes, with your health insurance etc.
Our job is to complain every time we pick up the phone to call our bank or insurance company, cable co. etc and talk to India instead of the US.
And becoming a better deal, with government punishing companies for hiring more and more employees.
Look at the healthcare bill for examples.. Companies of X size, pay $x a year per employee. Thats a lot of incentive to keep your business under the size before you start paying fines..
A missed opportunity today could be lost tomorrow If your business is
GROWING, you will expand. Granted, alot of established companies are waiting it out. Unless your Marriott, but they are doing that in Europe.
I know about only 20% of companies are expanding in this economy but it is happening. Here are some examples:
As long as the world population grows, people are going to continue to need anything that’s packaged. Our industry will continue to grow.”
New England Machinery wants to add about 10 employees to its staff of 40.
The plant, at 2820 62nd Ave. E., will add sales staff, engineers, purchasing agents and service technicians with salaries ranging from $30,000 to $100,000.
Trinity Graphic USA, which prints product labels, is one of two Manatee County companies that plans to create 23 jobs in the next five years.
American Finishing Inc. will add 25 jobs during the next five years to its metal fabricating and powder coating business.
Don Franklin, president of American Finishing, also is planning a $1.5 million investment in the company to purchase two vacant buildings with a combined 50,000 square feet to increase the company’s production capacity.
“We still have a strong business despite the recession,” Franklin said. “The economy is such that people are repairing and repainting rather than buying new. We’ve seen business grow probably 20 percent.”
Trinity Graphic USA projects business will grow by about 33 percent after investing $1.6 million in a new digital printer and a digital die-cutting machine.
You can add to it movers who are helping people move from California (high tax) to Texas (low tax) for example, and Repo. companies, as well as Loan mod. companies, etc.
Even recession produce certain industries.
But, when the economy is booming like it was for most of the 8 years Bush was in office, EVERYONE is working either for himself or for someone else.
There is a difference between giving tax breaks to corporations and small business employers and giving tax breaks to rich individuals.
Glad you see the difference between "the rich" and multinational conglomerates like General Electric Corp., but how does this change the argument?
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Personal wealth- grows the economy.
If your business is 
