The economic effects of a tax cut, however, depend on the public’s perception of its likely duration.  A personal tax cut that is intended to be longer-lived may nonetheless be perceived as temporary, dampening some of its stimulative effect.  Similarly, a business tax cut that is intended to provide only a temporary opportunity for investment may in fact be seen by firms as permanent and so lose some of its stimulative power.  Verify at Page ix
…the more a business tax cut is focused on income from new capital as opposed to income from old capital, the more effective it will probably be in stimulating new investment. Verify at viii
 Since 1947, the highest household annual average unemployment rate happened in 2010 at 9.6 percent.
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