If U owned a Business N the Govt gave U a Tax cut would you hire more Employees even when demand is slow?
Topic: If U owned a Business N the Govt gave U a Tax cut would you hire more Employees even when demand is slow?
April 21, 2019 / By Xara Question:
If yes why????
What would the new employee do while you have lil or no customers???
Isn't it true that only when Demand is high do Business owners hire employees to meet that demand???
Since it would be a waste of money to hire someone when business is slow.
“If I get a $4,000 benefit for hiring you and I pay you $80,000 and you’re going to sit at your desk and do nothing because there’s nothing to do,” said Marty Regalia, chief economist of the United States Chamber of Commerce, “then the businesses aren’t going to hire you.”
" many employers dismissed the notion that any particular tax break or incentive would be persuasive. Instead, they said they tended to hire more workers or expand when the economy improved."
"Companies are focused on jittery consumer confidence, an unstable stock market, perceived obstacles to business expansion like government regulation and, ABOVE ALL, swings in DEMAND for their products."
"“You still need to have the business need to hire,” said Jeffery Braverman, owner of Nutsonline, an e-commerce company in Cranford, N.J., that sells nuts and dried fruit. While a $4,000 credit could offset the cost of the company’s lowest-cost health insurance plan, he said, it would not spur him to hire someone. “Business DEMAND is what drives hiring,” he said."
Tax cuts don't create jobs.......Demand does....
Best Answers: If U owned a Business N the Govt gave U a Tax cut would you hire more Employees even when demand is slow?
Shaye | 1 day ago
you and the NY Times misunderstand business expansion ...
business people frequently have ideas that might work -- but they don't know if they will work. So what they do is pencil out the likely costs and returns, including cost of money and capital, etc. Then they prepare an ROI analysis [or similar -- calculating the possible return on invested capital over time] -- BEFORE deciding to go ahead or not.
lower taxes means the possible profit on this possible investment idea will be higher and therefore the possible ROI will be higher. higher possible ROI means the business is more likely to do it -- and therefore more likely to create added jobs.
demand [probable sales in the economy] doesn't have to change at all -- if possible ROI goes up, investment will also go up and so will employment.
in a normal recovery, the jobs effect of increased business investment is usually three to seven times the size of the jobs effect from increased government spending. And, business investment uses money that the taxpayers don't have to pay back sometime in the future, thus getting a lot bigger result for the same size policy change.
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Originally Answered: Where can I get a government loan for a minority (black) owned business?
You can get a SBA loan from any major lender. You won't get a grant to open a video game store. Those simply don't exist. Hopefully you have a rock solid business plan and 30% of your start up capital already saved or else you won't even qualify for governmental loans.
Tax cuts do not cause businesses to hire, an increase in demand for products causes businesses to hire more employees.
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On the other hand, if I owned a business and the govt came along and said I now have to pay more taxes on the same amount of income, I would probably have to let someone go or give employees less hours. I sure as hell wouldn't hire someone else
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I would use the tax cut to lower my prices and invest in advertising to increase demand for my product.
The problem with the argument that you have put forth is you seem to forget that demand with out money results in demand going unmet.
I could support going back to the Clinton tax rates- provided that you cut the budget to what the Clinton era budget was in terms of GDP so that we could start paying on the debt- and free up that money to go into the private sector.
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I could stay in business during times when the demand is slow, and continue to hire the people who are already on my payroll
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Originally Answered: Is there grant money available to me if I want to start a woman owned small business?
Go to http://www.grants.gov for a list of government grants and how you can apply for them. However, there are no grants for a for profit business unless you are opening a daycare and then it is a minimal amount. If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.
Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.