Saturday, September 8, 2012

With Corporate Tax Reform, the Private Sector Will Rebuild Our Economy

In two months, voters will be faced with a choice between two fundamentally different approaches to America’s economic challenges: one that advocates for tremendous investments from the federal government to restart the economy and another that allows the regulatory and financial flexibility to let the market and small businesses drive economic growth.
The government approach has not worked. Supported by a Democratic House and Senate, President Obama signed $1 trillion worth of “investment” into law in the form of the so-called “Stimulus Package.” Today, the U.S. Department of Labor announced an unemployment rate of 8.1 percent with just 96,000 jobs added to the economy. While the administration promised to drive the unemployment rate below 8 percent with the stimulus package, it has hovered above that number for 44 consecutive months. What’s worse, 368,000 Americans were forced to stop looking for work – unable to find a job in the stagnant economy.
Last week, when asked to grade himself on the economy, President Obama gave himself and “incomplete.” For the 12.5 million unemployed Americans, an incomplete after a $1 trillion “investment” and three years of patience is simply unacceptable.

Read more: http://townhall.com/columnists/stephendemaura/2012/09/08/with_corporate_tax_reform_the_private_sector_will_rebuild_our_economy

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