Keith writes:
Instead of giving the auto companies money, why not just say everyone who buys a US car within some period of time, you will be able write the car off your taxes over the next 3 years. This would cause demand.
Your thoughts welcome in the comments, please. Mine: A tax break might stimulate demand, but there are other big problems -- starting with a lack of consumer credit and continuing with the rise in unemployment. If you don't have work, you don't usually buy a new car, tax break or no.
categories: Letters
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