And why would that be? Nations around the world change their tax policies all the time. Apart from a small cadre of economists and central bank planners most people around the world, including investors, aren't really that concerned about the details of tax policy. Taking a close to home example, how concerned are you that the State of Massachusetts periodically has a sales tax holiday?
What really matters to people around the world is the general state of our economy, its growth rate, and what US consumers are spending. Investors around the world would much rather see a tax holiday here followed by a tremendous economic rebound than they would see some other stimulus attempt followed by years of depression, recession, or even just minimal GDP growth.
Why are you so afraid of a large tax cut?
I’m afraid of a zero tax coupled with all this govt spending.
Bushonomics doesn’t work. You need to cut spending as well as taxes so that you grow the economy without going into debt.
MA can do whatever they want because if they screw up, they’ll whine and ask for a bailout. If the US is in a hole we won’t be able to support our troops and defend against terrorists.