Writing in The Wall Street Journal, the economics professors say McCain's tax plan would "create jobs, increase wages and allow all Americans -- especially those in the hard-pressed middle class -- to keep more of what they earn. His plan achieves these goals in three important ways."
Feldstein and Taylor are also skeptical of Sen. Barack Obama's economic claims.
From their column:
Mr. Obama's claim to being a big tax cutter defies credibility. His assertion that he would cut taxes on 95% of families reflects his one-time $1,000 rebate payouts, and a variety of new government spending handed out through the tax system.Read the full column at the newspaper's Web site.
Mr. McCain, on the other hand, has been clear that he wants to preserve the favorable incentive effects of the existing low tax rates -- and to reduce taxes in other ways that will strengthen the economy, create jobs and help current taxpayers, including those without health insurance.
1 comment:
In Q2 of 2008--I believe exports were up about 13%--this is excellent news. Don't you believe we need to develop global solutions to what other people want to buy that will solve the problems they face? I believe we need to focus on manufacturing and possibly have a tax free zone in America for production. We have the most risk-centric minds in the world and most creative solutions. There is a big world out there (6.7 Billion) searching for answers from energy --to water--to transportation--to health--to food. We can certainly help develop solutions for these looming problems. Small businesses create 25 times more creative solutions than large corporations. I'm afraid our friends in Washington D.C. are so concerned with their golf games and long lunches that they have lost contact with the American economy and how to assist America in staying the benign leader we've been for 60 years.
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