>>2. They have no clue how to increase employment (and just implementing “more tax cuts” and “slashing regulations” isn’t going to do it).
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>Ever run your own businesses? I have, and still do so. Cut my taxes and stop new regulations, and promise both will stay that way for 5 years, and I’ll hire right now. As will a lot of businesses.
>You don’t hire now because you don’t know what the tax situation will be, or what new regulation will be dropped on you as well. So you bunker down and just get along, for now.
What about if they said this was the new tax policy:
— All [personal] income will be taxed at 10%, no exceptions, no exemptions, no credits.
— All sales will be taxed at 5%, regardless of items sold.
— The federal government will not change these terms, or add new taxations thereon, before 2020; all other federal taxation is hereby repealed.
I’d like that, but again - it’s meddling with the structure already. FIRST, just stop tweaking. Stop the changes. Let it stabilize as it is RIGHT NOW, and promise to keep it that way for 5 years while you discuss and decide what to do in the future.
The number one obstacle to progress is changing the rules of the game. For now, the BEST thing that could be done would to just stop changing. Hold fast, and let business get its feet back underneath. THEN go forward.