National University System Institute for Policy Research




(858) 642-8498 Get Started

Tax cuts for all?

EconoMeter panel weighs Rep. Paul Ryan's latest tax-cut proposal

Roger Showley, U-T SAN DIEGO

Friday, August 29, 2014

View Article

Kelly Cunningham, National University System
Answer: YES

The Fed has done its utmost to put the foot on the accelerator of the economy, yet political administrations firmly apply the other foot to the brakes by increasing taxes and regulations, discouraging enterprise, and leaving people with less disposable income. With both feet to the floor, we can only anticipate the big bang when the engine seizes up. Obviously better actions would release both feet. As acknowledged in former eras: You cannot strengthen the weak by weakening the strong. You cannot lift the wage-earner by pulling down the wage-payer. You cannot help the poor man by destroying the rich.