Haven’t quoted Larry Kudlow in quite some time. Rectifying that now, noting his post in NRO’s The Corner, “Washington Needs to Help Businesses for a Change“:
You can begin by stopping the taxing of overseas corporate profits. Do not hike the minimum wage. Back off cap-and-trade. Do not nationalize health care. Stop the anti-trust assault on phone companies, pharmas, Google, airlines, and multi-nationals.
And how about a six-to-twelve-month payroll-tax holiday? That would make it cheaper to hire new workers. What about a corporate tax cut? And immediate cash expensing for business-investment write-offs? In other words, cut the tax cost of hiring, investing, and doing business. Because it’s businesses that create the jobs and the incomes for families all throughout America.
And if you are still worried about the housing story or bank toxic assets, how about a capital-gains tax holiday?
Does anyone in Washington understand the way the world really works? It’s called incentives. That’s what this is all about. And we’re going to need many more of them if businesses, investors, and families are to start prospering once again.
As we’ve noted before, too many politico like jobs just fine, it’s the jobs-creators they’re not so fond of. And those jobs-creators are business.
The post Kudlow, Proposing a New Tack for Washington Policymakers appeared first on Shopfloor.
