Great~ You have your perfect plan. Now go get it passed thru the Congress and signed into law.
Of course you will not even get enough votes to overcome the Leftist filibuster in the Senate, but hey, at least your plan is ideologically pure!
But for the sake of fun, pretend you get it passed.
Meanwhile, what are we suppose to do for the next 1.5 years waiting for your tax cuts to go into effect?/
Just cutting tax rates doesn't work immediately because you pay taxes on LAST year's income.
So where is your plan for some short term economic growth?
So you said to pretend a tax cut is passed despite filibusters and such. You allege that it would take too long to do any good but I disagree.
You let a tax cut get passed along with cuts in spending...a dream I know...but you let this happen. I’ll bet my next paycheck that the stock market will rise like a rocket the day of passage.
A lot of the economy is psychological, it’s why the worry about consumer confidence and such. Such a reform package would rise confidence of those folk who do all the investing in this country that it’ll perk up things enough to carry us through the almost two years until a more concrete realization of the bill are realized.
No, businesses hire by looking forward. One-time gimmicks are less effective than secure long-term rates. And they’re more fair. Pitching bad policy because you don’t think you can get good policy passed isn’t leadership. Better to make the argument and win minds for good policy, even if it takes a little longer to get it through.