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.
 

Beltway ConfidentialUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Planning Commission greenlights 1,100 unit Balboa Reservoir project

Development near CCSF expected to include 50 percent below-market rate units

Breed announces timeline for when SF’s businesses can reopen after COVID-19 shutdown

Restaurant advocacy group wants The City to allow indoor dining sooner

Trump signs order targeting social media companies

By Chris Megerian Los Angeles Times President Donald Trump signed an executive… Continue reading

CCSF puts Fort Mason campus on the chopping block

Faced with severe budget cuts, community college preparing to end decades-long lease

Neighbors sue city over safe camping site planned for Stanyan Street

A group of Haight residents filed a lawsuit Tuesday asking a federal… Continue reading

Most Read