When there's no demand, how does cutting taxes create jobs?I also presented some arguments against Gov. Jindal's (and the Republicans') position.
Here's one more thing - an additional argument against tax cuts as an economic panacea:
"Personal consumption expenditures" (consumer spending) accounts for 70% of GDP.Admitting that tax cuts for lower income brackets are likely to be spent immediately - helping drive "personal consumption expenditures" - still: just how do tax cuts for upper brackets, on capital gains, and for businesses provide economic stimulus? - How do they contribute directly to "personal consumption expenditures"???
Have a nice day!