So a couple big news items this week are the $775B economic stimulus plan and the 7.2% jobless rate.
Economic Stimulus
Gallup found that:
- 53% of Americans favor and 36% oppose Congress’ passing a new $775 billion [tag]stimulus package[/tag] (with 11% having no opinion)
Here’s where the American people (i.e., you and me by virtue of our friends and neighbors who were part of the poll) thought the economic stimulus should be spent:
- 78% favor creating new jobs with major new government spending on the nation’s infrastructure, such as bridges, highways, and power grids;
- 75% favor [tag]tax cuts[/tag] for businesses in order to help save and [tag]create jobs[/tag];
- 72% favor income tax cuts for most Americans.
I firmly believe that creating new jobs or giving tax cuts to help save and create jobs is on track (count me in those numbers favoring!).
The problem is how the money will be handled. I’ll not go into a political discussion here to stay focused on the [tag]business[/tag] aspect of this. As a business leader, your business may get a tax break or you may have an opportunity to be part of the infrastructure work. How will you address the opportunity?
Your Response?
Will it be a matter of using the tax break to make up for lost revenue? Will you be in a position to expand your work hours, or your workforce, if you have cut back? Will you create jobs or just maintain your current workforce levels?
Will this really be a “stimulus” or will it be more of recovery?
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