* FIX IT (Make it competitve).
* FLATTEN IT ( Make it simple and understandable ).
* FORGET IT ( Make it permanent ).
All these tinkering around the edges ( 6 months, 2 years, 3 years, temporary this, temporary that, etc ) will only make it DIFFICULT TO PLAN ahead for businesses and cause more UNCERTAINTY.
No one will think of hiring with uncertainty.
Also, a word about that other term being used TARGETTED. Please dont use that word, you boneheads in Congress !!
That word is code for CRONY CAPITALISM, FAVORITISM and PORK BARREL SPENDING.
No matter how smart you think you are, you simply CANNOT KNOW which sector of the economy will be competitive to meet demand. LET THE MARKETS DECIDE AND STAY OUT !
There, Ive said my piece. The ball is in your court.
And people will spend...
it's just a matter of getting rid of Obama and all the uncertainty that goes with "The Idiot and His Czars".
GOOD News: The GOP are going to extend a miniscule “temporary” tax cut that hasn’t helped the economy. Bartender- another round!
BAD news: The GOP are going to extend a minsicule “temporay” tax cut that hasn’t helped the economy, that has continued to underfund and thus raid social security in exchange for the vote of giving Joe Sixpack a bit more beer and cigarette money, and they are going to impose some other economy-crippling tax or fee to “pay” for it.
Where is the graphic of the audience clapping wildly at this craven stupidity and cowardice?
The perpetual debate on these cuts distract the news cycle from the real thing they should be discussing, how to cut spending.
Plus, SS is already in bad shape. Cutting 2% there only makes it worse. It would’ve been better to just restore the 2% to SS and take decrease the lower tax brackets by 2%.
What it means is that the USA will hit the debt ceiling in the fall and the whole debate that occurred last summer will take place again just before the election.
As to whose political advantage this will serve is anybody’s guess.
The GOP should welcome any tax cuts, period. Cutting the deficit requires spending reductions.