Yes, it removes some anxiety about the anti-business bias that the Gov't had been operating under. It injects some hope (along with the the large majority in the House) that from here on in the Gov't will loose some of those chains which have been causing business to hoard capital and not expand.
As far as the deficit panel, I see a recommendation there to lower corporate taxes. I don't see that as a negative for the unemployment situation.
As far as the deficit panel, I see a recommendation there to lower corporate taxes. I don't see that as a negative for the unemployment situation.Apparently you missed the part of the report that called for counting capital gains as part of your personal income which effectively raises the tax from 15% to as high as 28%, thereby increasing the cost of capital, thereby undermining capital formation which is the basis of new jobs. Oh, yeah, and then there's the US$1tn in new taxes that the panel calls for only they call it "spending within the tax code" for some reason. http://www.atr.org/obama-debt-commission-calls-forbr-trillion-a5647