Stimulate the economy: cut taxes!

Pollster Scott Rasmussen asked voters a straightforward question: what is the best way to stimulate the creation of more jobs, tax cuts or more government stimulus spending? The results are pretty unambiguous: 62% favor tax cuts while only 21% favor more stimulus spending.

This would seem to be a pretty hearty endorsement of, for example, Stanford economist Michael Boskin’s proposal for cutting the payroll tax (something I advocated in my Sunday Examiner column) over Princeton economist Alan Blinder’s proposal for a public sector jobs program. Blinder also semi-endorses a tax credit for employers who create new jobs, but admits that the possibilities of gaming the system would be daunting.

Barack Obama’s December “jobs summit” will probably be dominated by those favoring more government spending, and certainly union leaders will favor public sector jobs, since those employees can be required to join unions and send dues money their way. But Democratic members of Congress might want to take a look at Rasmussen’s numbers before voting for increased spending.
 

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