They should cut taxes but they must also cut government spending especially on welfare programs ---I haven't seen any plans of that. Cutting taxes so people can buy foreign products won't help the US economy at all, it won't create a single American job. A tax cut to induce spending helps China even more and makes the trade deficit higher.
I agree completely.
Cutting taxes so people can buy foreign products won't help the US economy at all, it won't create a single American job.
You sound like Clinton, you only like it when people spend money the way you think is best. Whatever happened to freedom?
A tax cut to induce spending helps China even more and makes the trade deficit higher.
So, we should raise taxes? The amount of money spent on Chinese or any foreign good is a relatively small part of the economy (about 11% of GDP). You'd sacrifice the 89% that would be spent on U.S. goods?
A trade deficit isn't automatically bad, a trade surplus isn't automatically good.