9/08/2010

Newest piece at Fox News: Another Proposal From Obama to Throw Your Money Down the Drain

My newest piece at Fox News starts this way:

After focusing on health care and various regulatory bills for over a year, Democrats are trying to convince voters that they do care about the economy and the high unemployment rate. With the November elections looming (only 55 days away) and Congress set to adjourn on October 8, this is the week for Democrats to push new stimulus proposals. They're doing this although we already have had the $814 billion giant stimulus package last fall and the recent $26 billion in aid for state and local government workers. The various new proposals would increase spending to well over another $200 billion.

The centerpiece of today’s speech in Cleveland is to announce changes in the tax law. President Obama may never have managed a business, but he is sure making up for that lack of experience since becoming president. He is now making lots of business decisions for hapless firms as his new stimulus bills pick what firms should invest in and what product lines will get tax subsidies.

Obama talks tax cuts, but he wants to raise the marginal income taxes that small business owners pay and then give them back some of that money only if they make business decisions that his administration approves of. . . .


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1 Comments:

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9/15/2010 6:02 AM  

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