61. Cheaper borrowing is meant to spur business investment as well as consumer spending. 62. Continued spending by consumers kept the U.S. economy growing just barely in the second quarter, despite a sharp drop in business investment. 63. Corporate borrowing costs would decline, stimulating business investment in plant and equipment. 64. Consumer spending and business investment account for the vast majority of economic activity, and they fluctuate depending on how much confidence people have in the future. 65. Cutting the capital gains tax would not noticeably increase business investment and funding in the U.S., according to business leaders gathered in Chicago for the Democratic convention. 66. Corporate profits and business investment are key indicators of economic health. 67. Democrats sneered at key proposals -- tax cuts for business investment and capital gains -- because they would overwhelmingly benefit well-to-do families. 68. Dole said that lower taxes on capital gains -- the increase in value of stocks, bonds and business investments -- would actually increase federal revenue. 69. Domestic savings and international business investment are more important than foreign aid, he said. 70. Democrats had wanted to focus the package on helping unemployed people and on providing a more limited incentive for new business investment. |
|