Posted by
SamuelBerry08 on Friday, January 18, 2008 9:18:53 AM
Economic stimulus proposals tend to focus on the short-term. Since much of that money will end up buying imported goods, its economic benefit here in the US will be diluted. There may be a role for stimulus, but it should be thought of as short-term relief more than an economic fix.
The way to help the economy over the long term and recreate lost jobs is to reduce the cost of doing business, especially the cost of employing workers in the US. That is why I favor cutting employer-paid payroll taxes. Also, we need to reduce businesses' health-care costs.
Cuts in corporate income taxes, proposed by some candidates, would benefit companies that are already profitable (and hence paying income taxes), but would do nothing to transform unprofitable manufacturing operations into profitable ones.
For more of Samuel Berry's views, please visit
http://www.berry2008.org