NATIONAL REVIEW ONLINE "Worse, this tax hike would immediately devalue the investments of millions of American households, and would make investing in American firms, which already labor under the developed world’s second-highest corporate-tax rate, even less attractive. It would do so precisely at the time when we should be encouraging investment, which is the only real source of reliable long-term job growth."
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| http://townhall.com/political-cartoons/lisabenson |
While we believe that a tax increase is bad medicine for a country on the cusp of a double-dip recession and suffering from the weakest growth and worst job market in modern history, practically all parties — Republicans and Democrats, supply-side conservatives and their tormenters at the Brookings Institution — agree that a deep and fundamental reorganization of the U.S. tax code is highly desirable, and there are several excellent proposals for doing so. President Obama’s preference for simply jacking up tax rates on families earning $250,000 and more is crude and childish in comparison with the proposals of thoughtful Democrats, to say nothing of those offered by more sensible conservatives.
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