tag:blogger.com,1999:blog-8905987503146144771.post1467928093563090719..comments2022-12-08T04:19:56.947-05:00Comments on Comments on the News- IAS Group: How Best to Stimulate the EconomyIAS Grouphttp://www.blogger.com/profile/09391319791782314667noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8905987503146144771.post-71337270276317485652008-02-01T13:02:00.000-05:002008-02-01T13:02:00.000-05:00The problem that I see with a consumption tax is t...The problem that I see with a consumption tax is that it will disproprtionately affect the unemployed and underemployed. Millions of Americans pay almost nothing in income taxes but might pay considerably more with a consumption tax on everyday items that constitute the majority of their budget. Nothing brings Americans out of poverty like jobs. The Federal government should better fund food stamps and public works projects to put money directly into the American economy. Rebate checks may be disproportionately spent at U.S. retail locations which simply hock foreign-made goods.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8905987503146144771.post-49083543545784607762008-01-27T04:04:00.000-05:002008-01-27T04:04:00.000-05:00Modifying the tax code is a long-term proposition ...Modifying the tax code is a long-term proposition that should focus on strengthening framework conditions. Let's not confuse this with the short-term challenge of dealing with a possible recession.<BR/><BR/>Recessions are not bad as such. They are part and parcel of a free-market system. To the extent we find a need to take special action to counter their effects, let’s focus on taking well targeted actions to assist those persons who are most in need – namely those working Americans who lose their jobs. <BR/><BR/>From an American in ParisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8905987503146144771.post-71139226043985561992008-01-25T16:02:00.000-05:002008-01-25T16:02:00.000-05:00You make some valid points. Through its obstinate ...You make some valid points. Through its obstinate refusal to simplify the code in a manner that is consistent with American principals, Congress has effectively removed a tool from its proverbial workbench to deal with the present crisis. Capitol Hill is suffering from a drought of leadership and big ideas to address concrete problems.Anonymousnoreply@blogger.com