Over and over, Barack Obama's economic advisers have said that tax rates don't affect economic growth unless they get stratospherically high. But here is what Obama said yesterday on ABC in response to a question about whether he would postpone his tax hikes given the state of the economy: "I think we've got to take a look and see where the economy is. I mean, the economy is weak right now." Exactamundo! Raising taxes in the name of equity is a luxury we can't afford in a hypercompetitive global economy. This is also another sign that McCain's tax attacks are working, I would think.
Reader Comments Read all comments (7)
side effects acai of 7:19AM May 08, 2010
PeterMontee of AL 6:05PM July 02, 2009
LeraJenkins of AL 9:37PM June 21, 2009