I wonder if these, rather significant tax cuts are the best way to handle our 7% unemployment rate. Should we cut income taxes, more so regarding brackets above the 100k mark? Is a 50% reduction in sales tax too much?
I think we need to shift some of the balance here towards stimulus. Not to say that there shouldn't be a balance, but we run the risk of these tax cuts not having the ability to substantially improve the economy. We need to balance tax cuts and government stimulus.
I'm with Cincinnatus on this; the extent of the some of the tax cuts could be mitigated a little bit so we can pass a heavier stimulus and bring down the unemployment rate below 7%. We have the most efficient government in the nation and yet that figure is somewhat disappointing.
The income tax rates are quite low, and could easily be tweaked to provide more revenue without cutting too deeply in the citizenry's pocket (The same applies to the sales tax).
