As a follow up to my last post: I read in the paper today that the nonpartisan Congressional Budget Office (US) says, regarding the extension of tax cuts for the wealthy, "increasing the after-tax income of businesses typically does not create much incentive for them to hire more workers."
They go on to say that demand is the principal driver of those decisions.
Basic blue collar economics. A factory worker can tell you that.
But if you need to hear it from the "neckties", there you have it.
Sunday, December 5, 2010
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