Newspapers Nationwide Echo House Republicans’ Call For Sweeping Tax Cuts And Fiscal Restraint To Stimulate Economy

Newspapers Nationwide Echo House Republicans’ Call For Sweeping Tax Cuts And Fiscal Restraint To Stimulate Economy

JANUARY 7, 2009
    "[The Democrats' stimulus bill] doesn't include substantial tax cuts for American families, and it doesn't include necessary tax relief for corporations and small businesses"
  • "The only stimulus that's been shown to really work is cutting taxes"
  • "Expiring tax cuts are tax increases, and history shows that tax increases in a recession, depression or recovery can be deadly. ... Obama should be stingy on so-called shovel-ready projects, as they are likely to include much non-stimulating pork"

Washington Times Editorial: "Stimulating tax cuts. ... [The Democrats' stimulus bill] doesn't include substantial tax cuts for American families, and it doesn't include necessary tax relief for corporations and small businesses. As the 111th Congress begins taking on the nation's business, the first order of business for conservatives should be to maintain the Bush tax cuts on capital gains, dividends, inheritances and individuals. ... Congress and the Obama White House should cut taxes directly, starting with a reduction in the top marginal tax rate of 35 percent for corporations and small businesses. In addition, they should make the 2003 Bush tax cuts permanent." (1/6/09)

Detroit News Editorial: "Tax cuts work best to stimulate economy. ... If Congress agrees to take on this enormous debt in the name of stimulating the economy, it better do everything possible to keep it from becoming history's biggest pork barrel." (1/7/09)

Pittsburgh Tribune-Review Editorial: "A better stimulus. ... The better solution is a cut in -- or as The Club for Growth's Pat Toomey urges, the elimination of -- the capital gains tax. What's really needed, says National Review's Larry Kudlow, is ‘a full-bore supply-side tax-rate reduction that could even morph into full-fledged corporate tax reform.' Congressional Republicans should thank Mr. Obama for his efforts. Then they should hand him a blueprint that will produce sustainable, growth-producing results." (1/7/09)

Washington Post Editorial: "Spectacular waste would undercut both the economic effectiveness and political sustainability of a stimulus program." (1/7/09)

Investor's Business Daily Editorial: "Paving Projects Won't Boost Economy. ... Although it's not popular with his party, Obama might want to rethink his aversion to tax cuts. They'll actually work. How do we know? Because they have in the past. In the '20s, '60s, '80s and again this decade, new presidents also faced grim economic conditions. Each time, the president - be it Coolidge, Kennedy, Reagan or Bush - cut taxes. And each time the economy boomed. ... the only stimulus that's been shown to really work is cutting taxes." (1/6/09)

Bemidji (MN) Pioneer Editorial: "Economic stimulus but without pork. ... Congress must fight the urge to load up the bill much like a Christmas tree. Christmas is over, and the gift-giving is also over." (1/2/09)

Boston Herald Editorial: "A real stimulus bill. ... Expiring tax cuts are tax increases, and history shows that tax increases in a recession, depression or recovery can be deadly. ... Obama should be stingy on so-called shovel-ready projects, as they are likely to include much non-stimulating pork. Cutting Social Security payroll taxes in half, with the possibility of making the cut permanent and made up from general revenues, would put more than $400 billion a year into the hands of people certain to spend it. ... Obama must seize a rare opportunity to improve economic policies not just for the short-term but permanently." (1/4/09)

Dallas Morning News Editorial: "Tax cuts are the right strategy. ... Tax dollars mustn't be squandered on more ‘bridges to nowhere' and projects that would not provide significant bang for the buck." (1/6/09)

Portsmouth (NH) Herald News Editorial: "Keep your word in Washington. ... If [the Democrats' stimulus bill] becomes nothing more than typical pork-barrel frenzy packaged with soothing rhetoric while generating minimal dissent, we will have an answer." (1/4/09)

Charleston (SC) Post and Courier Editorial: "The ‘borrowed money' stimulus. ... The best way to increase the chances that the Obama stimulus plan can be an effective, one-time cure rather than the start of an unsustainable habit is to subject its spending to ample oversight - and to remember that it's ‘borrowed money.'" (1/7/09)

READ MORE: Click here to view a comprehensive list of comments from economists expressing doubt about the Democrats' trillion dollar spending plan. House Republican Leader John Boehner issued this statement, too.