Thursday, February 5, 2009

The Ultimate Tax Cut

I personally don't agree with the Republicans about tax cuts for businesses at this time. That's because the majority of businesses in this country will get the biggest tax cut ever. That tax cut is called "no profits." And, companies who make no money will pay no taxes.

I would prefer that the focus on tax cuts be to the consumer as a means of stimulating consumer spending. Further, I believe the Bush tax cuts, many of which are due to expire at the end of this year, should be extended so that, once these businesses start being profitable again, they are not hit with massive profit eliminating taxes. The current tax structure should be extended for at least 5 years.

Just my opinion.

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