Which has had a greater economic impact tax cuts or home re-financing?
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Of the two, home refinancing is the lesser of two evils...not only can the owner get cash, they can also get a tax break from deducting the interest (assuming they live in the home). And they can possibly recoup much of their interest losses when they sell the house, assuming it appreciates enough.
Which has had a greater economic impact tax cuts or home re-financing?I have a feeling it's refinancing but I don't have any hard data to back that up. Unfortunately there will still be people, with no more data than I have, that will tell you that you are absolutely wrong.
Which has had a greater economic impact tax cuts or home re-financing?the sad fact is that most people have had to rely on refinancing because of their credit cards that they used to make ends meet.
If the tax cuts were so great of an impact, why then?
is credit card debt at an all time high??
is personal savings at an all time low??
Which has had a greater economic impact tax cuts or home re-financing?Maybe its lower unemployment due to tax cuts. Big business will not hire new employees if they lose money due to higher taxes..The nation鈥檚 payrolls expanded by 132,000 jobs last month.With upward revisions of 42,000 to October and September鈥檚 job gains, the average monthly gain this year has been 149,000, about the level needed to keep the labor market expanding apace and prevent unemployment from rising.The hourly wage rate for blue-collar production workers and non-managers in services is up 4.1% over the past year, a growth rate ample enough to solidly surpass recent inflation readings that have been well below 2% (weekly earnings were up 4.4% over the past year). Private services up 154,000 in November. Businesses in professional services continue to expand employment, adding 43,000 last month. Jobs in health care, up 27,700 last month, also continue to be a steady source of growth.
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