Imagine if we hadn't approved the tax cuts
Reader comment on: Job Creation
Submitted by ben (United States), Apr 1, 2011 10:42
If we hadn't approved the tax cuts, we would be on sounder financial footing, the markets would have more confidence, and higher would surely be higher. Please respond to Krugman's article today. He effectively destroys all the argument currently being used on the right.
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The Future of Capitalism replies:
Krugman says Britain's economy tanked because of "austerity." But they raised taxes in Britain. That's why the economy there tanked. When the austerity is less spending, Krugman opposes. But when the austerity is tax increases, Krugman favors. But there is a difference. The tax cuts are more pro-growth because they are better for incentives to work, save, and invest, while the spending often just empowers lobbyists and cronies.
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