среда, 14 марта 2012 г.

Cutting regulations and taxes won’t create jobs

In Terry Savage's Aug. 11 column, she claimed that the solution to our current economic woes is to "cut taxes" and "remove regulatory costs" in order to "get the economy growing again."

Time and time again, this blind mantra of "cut taxes and remove regulations" has been proven false. We now have the lowest tax burden in modern American history — especially on wealthy individuals and institutions — and by far the lowest tax burden in the Western world. Congress has done nothing but cut taxes since the Bush tax cuts in 2001. President Barack Obama has continued that trend. Yet those tax cuts obviously did not create jobs, and the economy remains stuck in a ditch.

The idea …

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