Saturday, March 3, 2012

Romney's Upper Hand

Kudlow


quote

...when Romney delivered his tax-policy speech at the Detroit Economic Club a week ago, he talked about after-tax incentives on the next dollar earned. And he correctly noted the incentive effect of allowing Americans to keep more of what they earn after-tax. This addressed a key question among conservatives: Does Romney get the incentive model of growth? The answer is yes. Romney's 20 percent tax cut brings him back to the Reagan supply side.
Comment:

I don't think I'd put too much faith on marginal tax rates right now.  I agree in principle, but Obama's energy starvation mode is what should be priority.  It is dangerous on many levels.  Particularly in national security.  We must have enough energy to run the economy.  Without it, it won't matter what the tax rate is.

To be fair, I should include this quote as well:
Both are talking about unleashing American technology for the energy revolution.

He ends by talking about proper emphasis.  My worry is that by spending time on tax rates, the energy side of the economic mess is going to get short shrift.  That would be a mistake.
 

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