Go Ahead, Save Your Tax Cut

Back to blog

Great Idea

That is the best rationale I have heard for a broad-based tax cut. Banks (lenders) had poor balance sheets so the government injected equity capital. Many citizens(borrowers) need the same deal so the banks will actually lend to us! As much as I dislike it, I think an auto tax credit could also help with slumping auto sales. I think financing trouble may be cutting sales instead of demand. Anecdotally from Upstate New York, the Sunday Times Union interviewed a car salesman who complained of most of his potential sales dying due to unavailable financing.

Joe of NY @ Jan 12, 2009 18:39:05 PM

Back to blog

Add Your Thoughts
About You
Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

advertisement

advertisement

Subscribe

U.S. News Digital Weekly

A weekly insider's guide to politics and policy — in a multimedia, digital format. 52 issues for $19.95!

U.S. News & World Report

6 months of U.S. News & World Report's print edition for only $15. Save up to 67% off the cover price!