Obama Seeks to End Tax Breaks to Pay for Jobs Plan - WSJ.com
Let's hope the Republicans balk at this squandering of resources to support public unions, etc.
Let's also hope the Republicans can come up with a gutsy alternative.
Now a serious stimulus would be to hold up on ObamaCare and Dodd-Frank and have them have to be re-voted on by a subsequent Congress. Also, to cut the corporate income tax and show a serious effort to control entitlement costs (i.e. 18-19% of GDP cap) so investors would know their taxes aren't going to go through the roof.
Also, Art Laffer had a good idea for enterprise zones in poor neighborhoods.
These would be serious attempts to make the business climate in America more job-friendly.
Obama's plan is Stimulus II and we all know how unsuccessful Stimulus I was.
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