Hey Obama and company, maybe you guys need to learn from China. They have reduced taxes on some car models and presto, the sales have gone up.
China February Auto Sales Rise 25% After Tax Cuts
March 10 (Bloomberg) — China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.
Sales of passenger cars, buses and trucks climbed to 827,600, the China Association of Automobile Manufacturers said today in Beijing. The tally in the first two months rose 2.7 percent to 1.56 million, compared with a 39 percent decline to 1.35 million in the U.S.
What irony of history. A former Communist nation understands lower taxes, not increased spending spurs the economy. I’m not an Economic Conservative, but I’m not a Marxist like the government we have here. This is a sad day that China is becoming more capitalist, while we become Socialist.
Tags: Capitalism, China, obama
