Originally Posted by elsid13
It is feasible that pro-growth tax reform can spur economic growth if certain conditions are in place, like extremely high tax rate, suffocating regulations, lack of capital leading and other tight economic condition, but that economic environment does not in the United States.
It lack of solid demand that causing the slow economy, not anything else. And the best way to fix that demand issue is to ensure the middle class is employed, stable and growing.
Really? Then how do you explain the increase in consumer spending resulting from the 2012 Social Security tax rate cut from 6.2% to 4.2% (which was the wrong tax to cut, since it further adds to SS's insolvency, but that's besides the point).
And if you attempt to say that the tax cut was insignificant, then why did Obama do it?
The answer is, every single time you cut taxes, it puts money in the pockets of people who will either spend it, or invest it. Obama knows that, and that's why he cut the SS tax...to spur the economy.