How to Turbocharge the American Economy

Roughly half of the United States’ workforce depends on small businesses thriving. But high taxes and intrusive government regulations hurt these businesses and their workers. How would tax cuts for these small businesses benefit the U.S. economy and help just about everyone?

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4 Comments

  1. Bill Brandt
    Posted January 9, 2018 at 12:18 am | Permalink

    i have heard this before but as to the “why” I am mystified. But if capital gains taxes are reduced business roars.

    certainly real property turns over faster – and more new things bought?

    anyway the Congress ignored this.

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    • Posted January 9, 2018 at 11:00 am | Permalink

      Not sure I understand what you mean by “Why?”

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      • Bill Brandt
        Posted January 10, 2018 at 12:18 pm | Permalink

        i thought i had answered my own question by posting her but I don’t see my post. Lower capital gains stirs more activity – businesses selling assets and ordering new ones…

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    • pkoning
      Posted January 10, 2018 at 1:23 pm | Permalink

      There’s a simple principle that applies across the board: when the government takes less of your money, you have more to use as you see fit. You can spend it, which is good for the seller of whatever you buy. Or you can invest it, which is good for the people working for the company you invested in. Or you can save it, which allows the bank where you put it to invest it. No matter how you look at it, money in your hands will help someone.

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