That appears to be an accurate depiction of our government. Too little, too late.
metalman.
Posted by: Eagleone on January 14 2009 7:24 PM
Even the Fraser Institute is talking tax cuts for corporate profits when there likely won't be any corporate profits to be taxed anyways.
I would much rather see an increase in amortization rates (target it to auto's buildings ect), than a tax cut on profits. A tax cut on profits does nothing if you have no profits in the first place, but an increase in amortization rates allows companies to speed up and increase their investments in profit making infrastructure and research... and that is where any government tax relief should be focused for future growth so that we can have future business profits to tax.
Sometimes the Fraser Institute comes out with good stuff, other times they are shrills for those who want more to loot for themselves.
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metalman.