let me splain something to you, LucyDecember 17 2010 at 11:55 AM
Response to Re: Answer
dealing with the uncertainty of whether they would be facing higher taxes in 2011, a lot of companies ahev been sitting on cash they might otherwise invested (creating jobs) or have declined to borrow money available at ridiculously low interest rates.
Congress should have made these tax rates "permanent" to establish certainty for the longer-term, to the extent possible. But at least preventing the increase of rates that was coming will loosen the reins for some businesses.
That alone is not likely to significantly reduce the unemployment levels that our President and Democrat-controlled Congress have with their absurd spending and socio-political overreaching. Why? Because business owners still suspect that our government will not get spending under control and will come back to them with tax hikes at some point to offset the ballooning deficits. So those business owners will remain cautious about investment and expansion.