A Quote by John Breaux
But, at the same time, I think that there is room for economic stimulus in terms of accelerated depreciation to encourage businesses to invest and to grow and ultimately to hire more people again.
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Economic growth creates jobs, and countries grow when they educate their people and pursue policies that encourage households to save, existing businesses to invest, and entrepreneurs to innovate and create new markets.
It's actually a pretty basic concept: when businesses feel secure and confident, they are more likely to grow, hire, and invest. Conversely, when the economy is unstable, businesses often become much more risk averse, and in many cases, they're forced to make undesirable cuts that affect their bottom line.
One way we gave small businesses more money to invest was by extending tax provisions on expensing. This allows businesses to immediately write off things like equipment, without being burdened by depreciation requirements.
Mr. Trump's fiscal policies have produced more growth than Mr. Obama's because they were designed to incentivize businesses to invest, hire, and produce more here at home. The Obama 'stimulus,' by contrast, went for food stamps, unemployment benefits, ObamaCare subsidies, 'cash for clunkers' and failed green energy handouts.
When I talk about the ability for fintech to promote kind of economic growth and productive citizens coming in, using different data and being able to lend to small businesses, see those small businesses start to grow - of course, that means more money for their families, you know, the small-business owner families. They start to hire people.
Well you'd see a very dramatic change in the perspective of small businesses, entrepreneurs, middle-size businesses, and perhaps even some large multinationals. They'd say, you know what, America looks like a good place to invest again, a good place to take risk, a good place to hire again.
If you bring [tax] rates down, it makes it easier for small business to keep more of their capital and hire people. And for me, this is about jobs. I want to get America's economy going again. Fifty-four percent of America's workers work in businesses that are taxed as individuals. So when you bring those rates down, those small businesses are able to keep more money and hire more people.
The S.B.A. does not lend directly to businesses, but instead backs loans to encourage banks to invest in small businesses as part of a nearly $90 billion portfolio.
If you want to get wages up in America for middle income Americans, there's only one way I know how to do that in real terms... by having more businesses want to hire more people.
In addition to building better products, a more open world will also encourage businesses to engage with their customers directly and authentically. More than four million businesses have Pages on Facebook that they use to have a dialogue with their customers. We expect this trend to grow as well.
People believe that there's no room for change, there's no room to grow and if we're talking about this idea of God which is the infinite then there's no way that there's no room to grow because infinity is endless. So there must be more room to understand more and to evolve the way we think about this idea.
I don't have a lot of time for managing [my businesses], so I put a lot of trust in people I hire to manage my businesses. I can't necessarily attend to [the businesses] while I'm in season. We swap ideas on how we can improve and deliver a better product.
If you put stimulus into an economy, you know there is a time lag in terms of depending where you invest it. If it's family transfers, it might be quick. If it's infrastructure, it might be two, three, five years.
People invest in businesses that they believe have the leadership, mission and team to grow and operate profitably.
Accelerated depreciation helps companies bring forward capital-intensive investments by reducing payback time. It's not a hand out. Companies still have to pay the tax, but they simply get to defer it.
Ultimately, jokes are this really special thing that we can all share. It's exciting to have basically a thousand people in a room together that can laugh at the same time, but I think of it almost as, like, a religious experience.
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