Cain' plan amounted to a wave of tax burden hitting the shores of the middle class.

If the republicans are trying to pass it off as an attempt to help the economy along, they must think we‘re a bunch of dupes. Helping the wealthy is not the way to stimulate the economy. Unfortunately going the other way doesn’t help much either. The middle and lower class will either reduce debt or put the benefit into savings or investment.

I know Tom feels that a consumer driven economy is a myth but common sense should show otherwise. Here’s the makeup of our GDP from the expenditure side.

<a href="http://en.wikipedia.org/wiki/File:GDP_Categories_-_United_States.png""; rel="nofollow">Chart- Wiki

What sector is at the top of the list?

It’s pretty obvious if the demand for a company’s product has fallen in a recession, they’re not going to hire just because they might have the extra funds afforded to them by tax cut. You’re simply not going to produce if your I product s pilling up in the warehouse. The consumption of capital goods is ultimately is driven by consumer demand.

China’s system is said to be changing from an export economy to a consumer economy. The fallacy in that is the fact that the engine of their ‘export’ economy was the American consumer.

Obama’s current proposal to cut the corporate tax does come with strings attached. Couldn’t find what the net effect “would” be but it looks like it’s designed to bring job opportunities back to the US.

I fantasize about a constitutional amendment to set tax rates and simplify the tax code. We don’t need government implemented yo-yo manipulations to personal tax ratest. Stable taxes allow for planning and decision making, not the uncertainty we see today.