Economy & Jobs Survey Results
Last week's survey produced the largest response in the history of the Sachs Report Survey. There is no question that the questions posed in this most recent survey hit close to home. Also, for the first time, we were able to get some additional responses to questions with our "inside the survey" comments section.
Our first question, which asked what is the most important idea currently being considered for moving the economy in the right direction, actually ended in a tie. Approximately 18 percent of respondents chose repealing health care reform, while an equal number stated extending the Bush tax cuts for one to three years was the way to go.
It is interesting to note that both of these suggestions would bring the country back to the position it was in before the current administration took office. If heath care were repealed, it is my feeling that many small business owners would have a smaller amount of uncertainty hanging over them. And the same thinking applies with regard to extending the Bush tax cuts, as, in effect, there would be no actual increase in taxes for these business owners, many of whom are Sub. S. and L.L.C. operations.
We are currently seeing discussions about possibly extending some of the cuts but certainly not to the evil wealthy citizens of this nation.