Friday, December 19, 2008

Preach On Brother!

This is one of the reasons I wanted Mitt Romney to do better this cycle. No one makes more sense about the economy that Mitt:
Harvard professor and economist Greg Mankiw points out that recent research confirms that tax cuts have a greater multiplier effect than new spending — more economic bang for the federal buck. We should lower tax rates for middle-income families and eliminate their tax on savings altogether — no tax on interest, dividends or capital gains. Let’s also align our corporate tax rate with those of competing nations. These actions will rapidly expand consumption and investment, and right now, time is of the essence.
The federal government is a black hole. Letting them keep too much money will dampen future economic growth.

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