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

Diners at Teeth, a bar in the Mission District, on July 9, 2021. Teeth began using digital menus based on QR code technology in August. (Ulysses Ortega/The New York Times)
The football stadium at UC Berkeley, on Saturday, Sept. 26, 2020. George Kliavkoff, a former top executive at MGM Resorts International, took over the conference at the start of the month. (Jim Wilson/The New York Times)
What’s Ahead for the Pac-12? New commissioner weighs in

‘Every decision we make is up for discussion. There are no sacred cows.’

The sidewalk on Egbert Avenue in the Bayview recently was cluttered with car parts, tires and other junk. <ins>(Kevin N. Hume/The Examiner)</ins>
New surveillance effort aims to crack down on illegal dumping

’We want to make sure we catch people who are trashing our streets’

As the world reeled, tech titans supplied the tools that made life and work possible. Now the companies are awash in money and questions about what it means to win amid so much loss. (Nicolas Ortega/The New York Times)
How tech won the pandemic and now may never lose

By David Streitfeld New York Times In April 2020, with 2,000 Americans… Continue reading

Most Read