Old, companies don’t hire because they have extra money, from a tax break or any other reason. Companies hire only if they need more people because the market demands more of their products than they can supply with their existing workforce.
On the other hand, consumers will buy more if they have more money to spend. That creates more jobs because demand goes up.
Trickle down is smoke and mirrors. It only makes the people at the top of the pyramid richer.
It has already had a negative impact on the US credit rating. The interest cost on the debt just went up. There will be large cuts to social programs like social security retirement benefits and social security disability benefits.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
... [Read Article]
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