We saw in just the last few quarters the business community--which has really been lagging, and which is an indicator in all of the economy--as a result of the accelerated depreciation expensing provision in the tax package that we passed, is finally beginning to invest, and by doing so they are increasing productivity which means higher wages for workers. It is a little bit of a challenge. If productivity goes up, that means higher quality jobs, higher paying jobs, and more productive jobs. As growth continues, so will the employment.
Rick Santorum: “We saw in just the last few quarters the business community--which has really been lagging, and which is an indicator in…”
On the recordNovember 12, 2003
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govinfo.govEditor's note · Context
Discussing the impact of tax policy on business investment and job growth.
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