What you don't get is companies aren't investing ANY expendable cash right now, regardless of what tax cuts they'd get. Why? Because everyone on the Right is telling them that the Recession is still in full force, and all Obama wants to do is spend you into oblivion. The other problem is, the types of jobs that could eventually be expanded won't generate enough taxes to cover any tax cuts proposed. This country doesn't specialize in manufacturing, high output jobs anymore. Everything is done on the Internet or mass media. I don't have to hire some guy here in the US to do the work I need. I can put someone virtually anywhere in the world on my payroll, and get the same exact job done as if they were sitting next to me. Half the Fortune 500 companies are using 'virtual employees' these days. The only businesses looking for help these days are these stupid reality shows.
Hate to tell you, but I recall hearing a couple weeks ago that Obama was planning on extending a majority of the Bush tax cuts. He 's been pushing major tax credits to small businesses with a new bill. But I imagine you and the other Righties will be screaming, "Where's he going to get the money to provide these tax cuts to these businesses?" What's hilarious is the Republican's don't want to pass it because it pretty much mimics a plan they want to implement. If they let the bill go through, and the plan does spurn the economy and increse jobs, it may hurt their chances of gaining more seats in November. So whose controlling our jobs destiny today? If the Dems had this big control over the votes, why isn't this bill being passed?
http://www.msnbc.msn.com/id/38855000
This is crap, they're hanging onto their money, because they're scared stiff of what is coming down the pipe. The uncertainty in the market is what is scaring people off...
I'll eat my hat if Obama gets a tax bill passed before the tax hike takes effect. I read the other day, (and I can't find the article now) but a group of republicans tried to add to the bill an extension of the tax cuts, but the dems killed it.
