Wednesday, May 13, 2009

Tax increases could kill the economy

The Wall Street Journal Opinion: Tax increases could kill the economy

Great op-ed from the Wall Street Journal detailing why tax increases proposed by President Obama could kill our chances of ending the recession:

The current outlook for an economic recovery remains precarious. Although the stimulus package will give a temporary boost to growth in the current quarter, it will not be enough to offset the combined effect of lower consumer spending, the decline in residential construction, the weakness of exports, the limited availability of bank credit and the downward spiral of house prices. A sustained economic upturn is far from a sure thing. This is no time for tax increases that will reduce spending by households and businesses.

Posted by: Press Secretary

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