Thursday, February 23, 2012
Would Obama's corporate tax cut speed the recovery? (The Week)
[unable to retrieve full-text content]The Week - The proposal would doom the recovery: "This is a terrible, terrible plan," says James Pethokoukis at The American. The stagnant economic recovery is already "arguably the worst in modern American history," and instead of giving corporate America a hand, Obama now wants to saddle companies with so-called reform that would "actually raise the tax burden on American business by $250 billion over a decade." That would make us less competitive than ever, and doom our chances of bouncing back anytime soon."Why Obama's corporate tax plan is a total bust"