A Tax Cut in Germany

While President Obama and congressional Democrats are getting ready to raise taxes here in America, London-based Bloomberg columnist Matthew Lynn notices that Germany is readying a $12.2 billion tax cut and predicts that as 2010 progresses, "the rest of Europe will catch up." The rest of the press's reaction to the German tax cuts is almost comically negative, with the state-owned Deutsche Welle noting that "69 percent of Germans disapprove of tax breaks" and the New York Times running an article headlined, "German Experts Criticize Country Over Tax Cuts." As James Taranto is fond of saying, What would we do without experts?