Wall Street Journal economics expert Stephen Moore tells Newsmax that there is “no case on economic grounds” to heed President Barack Obama’s call for higher taxes on wealthier Americans.
He says raising those rates would simply encourage wealthier taxpayers to hide their money and wouldn’t boost revenues as predicted by “the anti-Clinton” — President Obama.
And he warns that the expiration of the Bush-era tax cuts next year could cause a double-dip recession.
Urgent Poll: Who Won the Presidential Debate? Vote Here!
Moore is a senior economics writer and editorial board member for The Wall Street Journal. He is the founder and former president of the Club for Growth and a best-selling author. He also wrote the cover story for Newsmax magazine’s October issue.
Moore’s new book is “Who's The Fairest of Them All: The Truth about Opportunity, Taxes and Wealth in America.”
In an exclusive interview with Newsmax TV, Moore was asked if Obama and the Democrats are advocating higher taxes on the wealthy to improve the economy or to win over middle-class voters.
“I don’t think anybody thinks that raising tax rates will improve the economy. At least I certainly hope no one does because the history is so unequivocal that that’s not the case,” Moore says.
Read more on Newsmax.com: WSJ Economist Moore: No Grounds Logic for Obama's Tax on Wealthy
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!
Via: Newsmax
Continue Reading...
Subscribe to:
Post Comments (Atom)
Popular Posts
-
President Joe Biden is hiding a myriad of information on the more than 75,000 Afghans his administration has brought to the United States ...
-
One of Barack Obama's recent ads for his re-election campaign purports to feature Republican women who have turned away from the GOP t...
-
The small town of Rose City, Michigan is now in the national spotlight. The issue involves a middle school teacher who was convicted of hav...
-
ST. PETERSBURG, Fla. – The Mayor-elect of St. Petersburg has tested positive for COVID-19, prompting him to cancel his inauguration ceremo...
-
The 17-year-old high school senior had arranged to sell his gaming console through the app OfferUp, and agreed to meet the buyer — another...
-
SEATTLE — Seattle City Councilmember-elect Kshama Sawant told Boeing machinists her idea of a radical option, should their jobs be mo...
-
SAN LEANDRO -- Over the objections of residents and human rights groups, the city will raise the flag of the People's Republic of China...
-
BY: Washington Free Beacon Staff November 21, 2013 10:47 am Ohio company PSC Metals confirmed Wednesday that they will discontinue t...
-
I do not write this article for the typical American Thinker reader. Like me, the typical reader already recoils in revulsion and fear...
-
A massive crowd gathered for former President Donald Trump’s rally in Florence, Arizona, on Saturday evening. “Look at the people, as far ...
No comments:
Post a Comment