Dow Drops More Than 500 Points

[Dirtbag59]

Originally Posted by drew54

What I don't understand is the unwillingness to cut tax loopholes like the oil subsidies and private jet tax credit.

It always seems the message is the free market knows best, but don't mess with our sacred cows that are propped up.

I only know so much about this, but a lot of people want to hit a lot the corporations with heavy taxes which from a basic economic standpoint makes little sense. First it raises prices in an economy where many are either unemployed or underemployed. Then it encourages these companies that could be providing jobs to pack up and leave all together for more tax friendly countries.

There needs to be a more amicable solution then just going hard at the corporations with taxes. Only thing I can think of is tax breaks for companies that hired unemployed workers. Make it worth their while.