the more exciting opportunity that you hope would rise to the form of these discussions is repatriate tryings, allowing a tax cuts and the businesses can bring home all the cash they have overseas and that s the real potential game changer, but i don t know about that, james. even that would just be temporary. and well, i m talking in the context of negotiations, and president obama here. a false claim, but i did the column this week and interviewed robert lucas who won the nobel prize for economics and he, in our sdugs discussion, got into the point. everything the obama administration is doing on taxes is temporary, the payroll tax cut, repatriopay tryings. and if you re an employer and you want someone to contribute value over 15 or 20 years. and a short-term tax fix is no incentive whatsoever for an employer under those
the real potential game changer, but i don t know about that, james. even that would just be temporary. and well, i m talking in the context of negotiations, and president obama here. a false claim, but i did the column this week and interviewed robert lucas who won the nobel prize for economics and he, in our sdugs discussion, got into the point. everything the obama administration is doing on taxes is temporary, the payroll tax cut, repatriopay tryings. and if you re an employer and you want someone to contribute value over 15 or 20 years. and a short-term tax fix is no incentive whatsoever for an employer under those conditions. that s not the way that employers think about their hires. you have to have some consistency as kim was saying, over a long period of time in the tax code. paul: there s a lot of evidence if you cut corporate tax rates it helps real wages
james point. one of the problems here is uncertainties and the debt talks are a perfect example of this. one of the reasons it was so important to pass extension of the bush tax cuts, so that businesses could plan and yet, four or five months on from that debate. we are already president obama put those, the potential of a huge new tax hike on companies, back out on the table and adding that uncertainty back again and that s playing into their lack of hiring as well. the extension of the payroll tax cuts seems to be the white house s for another year. it s a 2 percentage point cut in payroll taxes for workers this year and they want to extend it for another year. very expensive 120 billion dollars or so and it does add to the deficit. if it was going to work in 2011 wouldn t we see, more job creation now? the more exciting opportunity that you hope would rise to the form of these discussions is repatriate tryings, allowing a tax cuts and the businesses can bring home all the cash
the more exciting opportunity that you hope would rise to the form of these discussions is repatriate tryings, allowing a tax cuts and the businesses can bring home all the cash they have overseas and that s the real potential game changer, but i don t know about that, james. even that would just be temporary. and well, i m talking in the context of negotiations, and president obama here. a false claim, but i did the column this week and interviewed robert lucas who won the nobel prize for economics and he, in our sdugs discussion, got into the point. everything the obama administration is doing on taxes is temporary, the payroll tax cut, repatriopay tryings. and if you re an employer and you want someone to contribute value over 15 or 20 years. and a short-term tax fix is no incentive whatsoever for an employer under those