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 ...
-
A pro-amnesty group is forecasting that up to 1.76 million young illegal immigrants would get work permits under President Barack Obama’...
-
Drum roll, please The real Cali story is infinitely darker. It’s time for The Top 7 Things The National Media Always Ignore About Jerry B...
-
HOUSTON, Texas — The funeral service for Harris County Deputy Darren Goforth was held 11 AM, Friday, September 4, 2015 at the 2nd Baptist ...
-
Forcing you to bake a gay wedding cake is just the start. The gay marriage fascists are pretty resourceful when it comes to using the po...
-
For reporters trying to cover the opening months of Hillary Rodham Clinton's second presidential campaign, Waterloo, Iowa might be her...
-
The Isis militant group has seized enough radioactive material from government facilities to suggest it has the capacity to build a...
-
by JOHN NOLTE 3 Jul 2015 1719 With the fascist left on a fascist rampage , why not add a little defiance to your 4th of July b...
-
Gov. Jerry Brown today advanced a budget proposal that apparently is balanced for fiscal year 2014-15, which begins on July 1. It would s...
-
Even Big Bird has to make some money. The Sesame Workshop's 990 form for the 2010 tax year reveals that Caroll Spinney, the man behi...
No comments:
Post a Comment