It now looks like Obama will not propose raising taxes next year, instead waiting for the end-of-2010 expiration of the 2001 and 2003 tax cuts. I guess this means he believes, on some level, that raising taxes hurts economic growth. So I guess it really was about "fairness" all along. I think every economic initiative for years to come will be graded according to whether or not it boost the economy . Go long "growth," go short "fairness."Of course, this means the deficit will be even bigger. However, it does prevent further erosion in the economy. So in total, this is change that I can believe in.
Note - It also means that I was wrong on #3 of this post.
No comments:
Post a Comment