Make the tax cuts conditional

  • Posted by a hidden member.
    Log in to view his profile

    Dec 10, 2010 12:17 PM GMT
    This isn't a new idea, but I wonder why people in politics don't promote it more often.

    IF (and a big if there) tax cuts for the top 1-2% (who are purported to create most of the jobs) stimulate employment, why not make the tax cuts conditional on the unemployment rate?

    E.g. if unemployment hasn't fallen by x% after the tax cuts are in place for y number of years, let them expire. Obviously the deficit will need to play a role in here...unlike the current tax cut compromise which throws out any semblance of concern for the deficit.

    I realize that you can't control the economy permanently like this (there are economic cycles after all), but it might be a start for those serious enough in their beliefs about tax cuts to prove them.
  • Posted by a hidden member.
    Log in to view his profile

    Dec 10, 2010 12:24 PM GMT
    It's an interesting thought. In fact, I read about it somewhere else. While not formal, the extension of unemployment benefits have generally been tacked to the rate. Another proposal I read, was providing deductions for new hires for business, but that's dicey because without consumer demand.