Date: 2008-10-01 10:46 pm (UTC)
From: [identity profile] silussa.livejournal.com
Yes, but if you're trying to provide an immediate result, the tax system is a HORRIBLE way to do it. As attempts to deal with recessions have shown, there's roughly a year (or more) lag before tax breaks begin to have an effect. The normal length of a recession, on the other hand, is about eight months.

there are a lot of OTHER arguments, but that is probably the most strightforward: it won't work soon enough to deal with the problem.

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