Obama: Right Economic Formula, Wrong Variables

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Why not just cut taxes and create incentives for ALL businesses? ALL businesses create jobs, not government. When you liberals realize that everything in our economy is connected? Picking winners and losers is what has gotten us into this fiasco. And remember one thing: Today's winner can be tomorrow's loser, and vice versa. If one of those "small businesses" suddenly become too big for their britches, will you start clamoring about taxing their "obscene profits"? Methinks you will.

Chris of AZ 1:13PM August 07, 2008

the tax cuts for business and investment should be pointed at the "right" businesses. Which businesses are "right?" In my opinion, incentives should be targeted to those small and medium sized businesses that have large potential for growth. Such an equation will produce much greater marginal revenues and encourage positive economies of scales. At the same time, corporate taxes should not be cut (rather even increased) for those large-scale energy (and other) companies that have seen record earnings in the past quarter, namely, Exxon Mobile, to name just one. The combination of increased government spending and investment in the "right" type of business will address both the social and economic deficits.

Andrea Buteau of NY 11:48AM August 07, 2008