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How will additional tax cuts for corporations do anything to create more jobs?
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July 8th, 2010
US Corporations are sitting on trillions in cash instead of hiring. The S&P 500 alone hold $1.8 trillion. They are not hiring because consumers aren’t spending. Consumers aren’t spending because so many are out of work, and those who still have jobs are worried about losing them. Would slashing business taxes do anything to put people back to work, or just drive up deficits and increase the amount of cash reserves businesses are holding?
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