tag:blogger.com,1999:blog-8034970.post3178317390331361296..comments2023-12-25T16:51:01.726-08:00Comments on Cromely's World: Tax cuts are a bad ideaCromelyhttp://www.blogger.com/profile/02220177112637075263noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8034970.post-37430091597982849332009-02-13T20:20:00.000-08:002009-02-13T20:20:00.000-08:00Giving tax credits to businesses will allow them t...Giving tax credits to businesses will allow them to buy new inventory, expand advertising, and hire people... that is what is needed but instead we get pork.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8034970.post-53253427348975713672009-02-08T09:41:00.000-08:002009-02-08T09:41:00.000-08:00This honestly is the most fair and balanced post t...This honestly is the most fair and balanced post that I have read about the whole stimulus thing. Well done and I totally agree. And I love your explanation of where we've been and where we are going,all that in such a short Colin friendly post-:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8034970.post-39539291330888176132009-02-08T07:04:00.000-08:002009-02-08T07:04:00.000-08:00I would like regular taxes to stay the same and fo...I would like regular taxes to stay the same and for them to introduce some luxury taxes and fees which are not as visible. Maybe we could have a high fructose corn syrup tax to reduce its consumption... a hummer and giant vehicle tax... cigarette taxes... alcohol taxes... candy taxes... ridiculous taxes. <BR/><BR/>This could be balanced by some incentives like an energy conservation incentive... a small business investment incentive..., etc.Book Calendarhttps://www.blogger.com/profile/12549140171632794868noreply@blogger.comtag:blogger.com,1999:blog-8034970.post-88378998442213572722009-02-06T21:06:00.000-08:002009-02-06T21:06:00.000-08:00@Carol: Thanks. I'm waiting for their call and a...@Carol: Thanks. I'm waiting for their call and am looking forward to my Senate confirmation hearing. <BR/><BR/>@Chameleon I don't think you need any legislation to do that. A quick trip to HR and a new W4 should make it easy to reduce paycheck witholdings. OF course, you have to make up for it by April 15 2010. Tax credits can reduce that burden, however.<BR/><BR/>@Sadie Be late Sepetember, at least, I don't think Obama was promising to cut spending. He was promising to cut waste and to cut corruption. He was talking about give tax breaks to those earning less than $200,000/year. However, I think much of the savings was from cost reduction in places like Iraq. But the situation deteriorated so rapidly in October and November, I think it's important for his plans to adapt to this new and challenging environment. <BR/><BR/>The problem with just cutting taxes and letting it build form the ground up is that people won't spend the extra money that comes from those cuts. Everyone is too scared to spend the money. <BR/><BR/>We need massive activity to get the economy going, and right now, the Federal Gov't is the only instituion that can do that. That activity will then spur individual economic activity and helps us get things going again. Plus we get the added benefit of much needed infrastructure imporvements.<BR/><BR/>@Shinade: Thanks. I appreciate taht. The credits for helping people with their own infrastructure will help both the ecnomy an their own lives.Cromelyhttps://www.blogger.com/profile/02220177112637075263noreply@blogger.comtag:blogger.com,1999:blog-8034970.post-64531289599395736672009-02-06T15:26:00.000-08:002009-02-06T15:26:00.000-08:00I think this is one of the best written posts rela...I think this is one of the best written posts relating to this issue that I have ever read.<BR/><BR/>I agree that we are too far gone now to simply ride this out. We are going to have to do something.<BR/><BR/>I think you have lain out a great plan here in this post.<BR/><BR/>As for the tax cuts I don't agree that people can't see past there noses.<BR/><BR/>At least not all of us. I would like to see tax credits given for such things as home improvement.<BR/><BR/>We for instance could truly benefit if we could afford new storm windows and doors. We also would love to install some solar power.<BR/><BR/>But, we cannot afford to do it alone without some help from some where. Tax credits would help us be able to do this.<BR/><BR/> This would put money out into the economy as we buy the products and also help with our energy problem.<BR/><BR/>Great post!!:-)Jackiehttps://www.blogger.com/profile/05378896151545384221noreply@blogger.comtag:blogger.com,1999:blog-8034970.post-69951764997900183132009-02-06T08:03:00.000-08:002009-02-06T08:03:00.000-08:00I completely agree with you. Here's my thing. Why ...I completely agree with you. Here's my thing. Why not cut government spending instead of cutting taxpayer spending? Use the money to boost the economy from the ground up. Isn't that what he promised to do before he got into office?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8034970.post-55825253877082251942009-02-06T02:39:00.000-08:002009-02-06T02:39:00.000-08:00I heartily agree on the infrastructure spending - ...I heartily agree on the infrastructure spending - it has to happen and should have been happening all along. If it had been, we wouldn't be seeing bridge collapses and water main breaks and widespread flooding and power outages. I don't like stimulus checks either. What I do support is a temporary tax cut that goes directly to people's paychecks for six months to a year - not with the intent of getting people to go out and buy new things, but to loosen up the strings that have people afraid to go buy a cup of coffee at the diner. A $500 check isn't going to stimulate anything. $25 extra a week in the paycheck is a different story. It will go into groceries and gas and the "little luxuries" that people are forgoing right now in the interests of being frugal 'just in case'. We don't need people to go on buying sprees. We need them to spend normally, and managed tax cuts will do just that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8034970.post-75513225440594308642009-02-06T00:31:00.000-08:002009-02-06T00:31:00.000-08:00It's a simple solution, and yet, people can't see ...It's a simple solution, and yet, people can't see beyond the end of their nose and will hear tax cuts and be all for them. You are so right. We need to spend money to get this economy going. Too bad Obama didn't add you to the cabinet. :)Anonymousnoreply@blogger.com