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How Do You Fight Obama’s New New Deal?

Or at least, minimize the damage...?

by
Jennifer Rubin

Bio

December 28, 2008 - 12:24 am

Third, by lowering the taxation of labor, the plan would help produce a higher-employment recovery than would otherwise be the case.

Larry Kudlow advises:

I still believe the ultimate solution for all these problems — be it the carmakers, the banks, mortgages, foreclosures, or all the rest — is a significant pro-growth jolt for the economy. Economic growth will solve our problems. And the best way to move to a growth agenda is to lower tax rates across-the-board, including corporate taxes and individual taxes if at all possible.

Lower tax rates will boost asset values and reward successful producers and investors. That’s what we need. A $700 billion big-spending package merely moves money from the private sector to the government and then to a government-targeted bailout. That’s not growth. That won’t create new factories or new technologies or new risk-taking. Permanently lower tax rates will.

Republicans don’t control the agenda, but they might do a few things to help shape the Obama economic plan — or at the very least educate the public about the differences between the two parties.

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