Sorry something about this doesnt add up for me. If you truly think you can just raise the price of your products and make more money then why dont you raise the price of your products right now and make more money? Your products are either priced to low, or you are in one of the rare businesses who has total control over what they charge. If you are in a business where you have total control over what you can charge you are in a business which is only about 1 in 100.
Most businesses do not have the power of price control, someone will always undercut them, this especially holds true in the manufacturing sector with China. So it is not an option for most businesses to simply raise the price of whatever they are selling, and especially not in this environment.
The other problem with this argument is that if someone is forced to spend more money on your product, it still leaves them with less money to buy something else, so while you may be able to raise your prices and get away with it other companies will inevitably suffer.
I have said before i have no problem raising taxes on businesses during an overheated economy like the Tech Bubble, or even the last half of Bush's presidency from 04/05 on, cause in an environment like that people are making money, and they can afford to spend a little more should prices go up. Obviously id still rather see government cut spending, but they seem to be incapable of doing that these days
If government was ever responsible we could keep somewhat of a consistently uptrending economy, through adjusting taxes on business, and the fed, but government has proven time and time again they are totally inept.
Quote from Ricter:
That's overhead, I'll simply pass it on. I'd be concerned if my domestic competition was exempt.