Announce that corporate taxes will be 90% this year and 10% next year.
Companies, not wanting to give 90% of their profits to the government, will instead spend all their profits this year on stuff like R&D, hiring people, building inventory, making capital improvements, advertising, etc.
They will spend all their profits this year (instead of giving most of it to the government) to prepare to take their profits next year (when they get to keep most of it).
This instant spending on the front line will cause the economy to boom, nearly overnight.
It is a thought…and many companies are short on profit this year and are already promising coming years profits to pay back loans that they are asking for now.
People are so angry with “corporate america”, I just don’t see the support needed in a plan such as this. Steve Forbes mentioned something similar to this… immediately change tax structure to stimulate economy and actually send a stimulus to households. Relieve fear and bolster spending.
I sure hope all of this spending will do something. Change was promised… good or bad I guess, there will be
I got to agree with you prussell. With the money that our Government has wasted on failing banks,auto makers, they could have given every legal citizen more than $100k each…
If Americans have money to spend then the economy would become stronger.
We all have seen that giving money to the banks isn’t the way to go…
I lost 3 inspections last week because the clients loan fell through because the banks didn’t want to lend any money… But isn’t that the reason the Government gave the banks the money in the first place,to lend out to consumers…
All 3 clients had good credit and could afford the payments but couldn’t get a loan…