Some Homework for Sen. Obama
From yesterday's Wall Street Journal:
"While Sen. McCain has argued that tax cuts—particularly on business—spur growth, Sen. Obama rejected that as flawed economics. "I've seen no evidence that . . . would actually boost the economic growth and productivity," he said."
The Tax Foundation provides plenty of evidence for Sen. Obama from the experience of developed nations over the past 20 years (NBER, OECD, Treasury, American Enterprise Institute, KC Fed, Oxford University) suggesting that corporate tax rates "boost economic growth and productivity"—not to mention real wages and living standards for U.S. workers.
Thanks to Travis Walker for the pointer.