Steve Forbes speaks truth to power, “We should know by now that stimulus packages don’t work,” he tells CNBC. “It didn’t work in 2001. It doesn’t change tax rates, so it doesn’t change incentives.”
He recommends that we reduce the payroll tax and capital gains tax. “Those things work. We know that from experience. Simply spending more money, that’s one shot and then you’re back to where you were before.”
Of course, the Obama administration seems more interested in using the recession as an excuse to implement Democratic plans rather than finding the best way to speed recovery.
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