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Editorial Boards Continue To Side With Republicans In Call For Tax Relief, Limited Spending To Spur Economic Growth


January 15, 2009

  • "Only the private sector can actually create wealth and thereby stimulate genuine economic growth”
  • "If the cuts were extended, projects, new businesses, and expansions of existing businesses would be undertaken that would stimulate economic activity today and in the future”
  • "Allowing businesses to keep hundreds of billions of dollars they otherwise would have sent to Washington would create an enormous number of new jobs”


The Chattanooga Free Times Editorial: “Cut taxes for better bailout. … Wouldn’t the best stimulation for the economy — with fairness for all — be a quick cut in taxes for everyone who pays taxes? If tax cuts were voted for everyone who pays taxes, letting the people who earn the money use it as they decide, the stimulation would spread immediately throughout our whole economy. … There will be increased red ink in Washington no matter how bailout money is provided. But wouldn’t it be better for the earners of the money to decide how to spend it than to have questionable decisions made by “others”? … If taxes were cut, all earners would be enabled to use more of their own earnings in productive ways, creating more jobs and goods and services throughout our whole diverse economy. But spending $350 billion more the way the previous $350 billion is being spent promises to be less beneficial, and certainly will not be as fair to all taxpayers. … We’d like to see all Americans who pay taxes have the ability to solve the problem by using tax cuts, spending their own money, in the ways they believe would serve them and our nation’s economy best.” (1/15/09)

Marysville (CA) Appeal Democrat Editorial: “Obama thinks he can spend the country into prosperity. … It has become increasingly clear that the presumed agent of fundamental change in the way Washington does business is firmly committed to the oldest tool in the Washington toolbox: the notion that government, using our money, can spend its way to widespread prosperity. … Private, profit-making activity, as most of American history demonstrates, involves not simply the redistribution of existing wealth but creation of new wealth. Increased government spending, however financed, takes money from the private wealth-generating sector of society and allocates it to projects not on the basis of their capacity to be economically self-sustaining, but on the basis of their political attractiveness. … In short, a government ‘stimulus’ can only be accomplished by taking money away from genuinely economically productive activity. Pumping dollars that will eventually be worth less than they are today into various projects may provide some short-term relief or appearance of relief. But only the private sector can actually create wealth and thereby stimulate genuine economic growth. This seems pretty elementary, but most people in Washington have powerful incentives to ignore elementary truths.” (1/12/09)

The Oklahoman Editorial: “Need for urgency mustn’t limit debate on stimulus. … We join others with real concerns about pork barrel spending and more government intervention in the private economy.” (1/9/09)

Lowell (MA) Sun Editorial: “Economic Stimulus: Dos and Don'ts. … Make the tax cuts permanent. The 2001 and 2003 tax cuts were designed to increase market incentives to work, save, and invest, thus creating jobs and increasing economic growth -- and they worked. … If the cuts were extended, projects, new businesses, and expansions of existing businesses would be undertaken that would stimulate economic activity today and in the future. … Lower corporate tax rates and accelerate tax depreciation. The U.S. tax rate on corporate profits is the second highest in the world. Cutting corporate rates to a level below the average of other industrialized countries would enhance our competitive standing and significantly reduce the incentives for U.S. firms to relocate to lower-tax countries. … Economic growth -- the act of producing more goods and services -- can be accomplished only by making American workers more productive. Productivity is driven by individuals and entrepreneurs operating in free markets, not by Washington spending and regulations.” (1/11/09)

The Daily Inter Lake (MT) Editorial: “Do what's needed for economy. … Congress must be vigilant against waste and larger government with greater indebtedness.” (1/10/09)

The Lewistown (PA) Sentinel Editorial
: “Best possible change is to abandon liberal spending. … If Obama and Congress are eager to spend $1 trillion, we have a better idea for them: Use the tax cuts on American families and businesses that you are proposing. Allowing businesses to keep hundreds of billions of dollars they otherwise would have sent to Washington would create an enormous number of new jobs – and would prevent some who have them now from being laid off. Allowing American families to keep hundreds of billions of dollars would give them money to pay off debts – perhaps even some of those "toxic" mortgages. It also would encourage them to spend more. … Beyond any doubt, the best type of government stimulus is to simply allow Americans to keep more or our money – and make it as easy as possible for us to create new jobs. If Obama and Congress are serious about rebooting the economy, they will do that instead of using the infrastructure strategy. It would do little to restore long-term health to the economy. Tax cuts – though they go against the liberal credo of higher taxes and bigger, more intrusive government – are the way to go. … We suggest that the best possible change would involve abandoning the liberal strategy of taxing and spending – and allowing Americans to keep and spend more of our own money. When the economy is concerned, Washington is not nearly as effective as are American working men and women in engineering recovery.” (1/6/09)

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Read More. Click here to view a comprehensive list of comments from economists expressing doubt about the Democrats’ trillion dollar spending plan; Editorials Oppose TARP Expansion; and: WHAT THEY'RE SAYING: Newspapers Nationwide Echo House Republicans’ Call For Sweeping Tax Cuts And Fiscal Restraint To Stimulate Economy.