It's something I am having trouble wrapping my mind around and since we have many business owners here, I will ask for your insight.
Here is my problem, Romney wants to focus on energy (oil, coal, etc.) which I think is a great idea. It will create a huge boost for the economy, but unless i'm missing it, nothing else in his plan encourages new jobs to be created.
Sure, a lower corporate tax rate is going to help small to medium businesses, but large corporations, who employ large numbers of people, pay close to or 0 corporate tax. ( yes, I realize they pay other taxes, but Romney's plan says corporate tax). These same corporations are cutting heads left and right to outsource jobs and there is nothing spelled out in Romney's plan to stop this.
Couple that with the fact that if Romney is going to reduce Government, he has to cut heads. So will an energy boom and a better tax rate favorable for small to medium size business, create enough jobs to make up the deficit left by outsourcing and smaller government? Or will people just switch job sectors and the numbers remain stagnant?
Here is my problem, Romney wants to focus on energy (oil, coal, etc.) which I think is a great idea. It will create a huge boost for the economy, but unless i'm missing it, nothing else in his plan encourages new jobs to be created.
Sure, a lower corporate tax rate is going to help small to medium businesses, but large corporations, who employ large numbers of people, pay close to or 0 corporate tax. ( yes, I realize they pay other taxes, but Romney's plan says corporate tax). These same corporations are cutting heads left and right to outsource jobs and there is nothing spelled out in Romney's plan to stop this.
Couple that with the fact that if Romney is going to reduce Government, he has to cut heads. So will an energy boom and a better tax rate favorable for small to medium size business, create enough jobs to make up the deficit left by outsourcing and smaller government? Or will people just switch job sectors and the numbers remain stagnant?
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