Bush suggests 550 billion in tax breaks to create 1 million jobs
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Has anyone else done the math on this? 550,000,000,000 dollars in tax breaks to create 1,000,000 jobs. so that comes to 550,000 for each job created. How much is a job worth?
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They're goin about this whole tax-break thing the wrong way. Invest in infrastructure. Buy roads, bridges, fiber optic cable, desalination plants, recycling operations, etc. Do they forget how we got to where we are today? We can only do as much as we're physically capable of... If you want the economy to grow MORE, we have to be capable of more. .
.oh god theblink tag works!! -
Has anyone else done the math on this? 550,000,000,000 dollars in tax breaks to create 1,000,000 jobs. so that comes to 550,000 for each job created. How much is a job worth?
This statement is false
Synaptrik wrote:
How much is a job worth?
I'll save them $50,000 by not coming out of retirement and making the unemployment figures look bad if they give me just $500k even. :laugh:
"Republicans are the party that says government doesn't work and then they get elected and prove it." -- P.J. O'Rourke
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Has anyone else done the math on this? 550,000,000,000 dollars in tax breaks to create 1,000,000 jobs. so that comes to 550,000 for each job created. How much is a job worth?
This statement is false
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Has anyone else done the math on this? 550,000,000,000 dollars in tax breaks to create 1,000,000 jobs. so that comes to 550,000 for each job created. How much is a job worth?
This statement is false
And around 350 billion was cheerfully passed by both Houses of Congress back then. It is worth noting that tax cuts are always identitifed by the a ten year total. i.e. 550 billion in tax cuts means a loss of revenue, on the average, of 55 billion for each of the next ten years. Tax cuts, as you suggest, may not be the most efficient way of stimulating the economy, however folks making more than $250,000 @ year favor them quite strongly. 550 billion is also the amount that the deficit has increased each of the last four years, and, if I remember correctly, the total of the direct and indirect costs of the war in Iraq.
Jon Smith & Wesson: The original point and click interface
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Has anyone else done the math on this? 550,000,000,000 dollars in tax breaks to create 1,000,000 jobs. so that comes to 550,000 for each job created. How much is a job worth?
This statement is false
Synaptrik wrote:
Has anyone else done the math on this? 550,000,000,000 dollars in tax breaks to create 1,000,000 jobs. so that comes to 550,000 for each job created. How much is a job worth?
You're right! If government sucks less money (i.e. economic activity) out of the real economy, it cannot possibly be worth it: Congress *needs* those monies to buy the votes of the electorate. That the real economy always strengthens and that tax revenues always increase after these horrible "tax cuts for the rich" is a meaningless coincidence. You know, really, if Congress only had the wisdom, and the courage, to set the tax rate at 100% on all income, then all our problems would be solved, world without end.