Tax Cuts and Tax Incentives
Congress should pass tax cuts and tax incentives to put money in peoples hands. This approach really gets the economy going. Jobs will be created by the economic activity that will result from people having more money to spend, and factories full of tax paying employees will result from tax incentives being used to open businesses. Revenue to the government will actually increase allowing the government to fully fund social security, Medicare, and the military. The budget will be balanced and the national debt reduced by limiting percentage increases in federal spending to be below the percentage increase in the GDP. Over time, this approach will eventually eliminate our entire national debt.
|
