We hope it will be the case that tax cuts will bridge the gap until hiring picks up, but that seems like a pretty precarious plan. But it's the only plan we've got.
More Quotes from Mark Vitner:
The same thing that has attracted retirees over the years is still there the weather. You can do more things for a greater portion of the year.Mark Vitner
If you wait for the wage increases to show up in the report, they're behind the curve.
Mark Vitner
I really can't recall a time in history when the Florida economy was as strong as it is today.
Mark Vitner
The recent weakness in wage and salary growth is bad news for retailers, since wages and salaries, which account for more than 56 percent of personal income, tend to influence spending decisions far more than other income sources.
Mark Vitner
The debate about tax cuts shouldn't be whether they helped or not -- they clearly helped taxpayers. The debate should be whether we can afford them and whether they can lead to a sustained recovery in economy.
Mark Vitner
Certainly they would like to stop at five (percent), and I don't think this number prevents them from doing that, but it is something that should raise some doubts.
Mark Vitner
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