A cut in corporate taxes, a cut to the capital gains tax and lowering personal income tax rates back to the late Reagan era figure of 28% -— down from 35% under Bush43 -— would definitely stimulate spending and investment. It would also give a boost to savings.
This proposal would target the free market and not increase the size and scope of the federal government. Obama’s plan is nothing but a stimulus for the welfare state. Republicans need to grow some cojones and not vote for Obama’s trillion dollar socialist spending policy.
**This proposal would target the free market**
the reaction from the market would be so fast... Recovery would begin before the GOVT spends the FIRST DOLLAR!!