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	<title>Comments on: Boskinomics Is a Recipe for Confusion</title>
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		<title>By: P. Stone</title>
		<link>http://blog.jasontrost.com/2008/08/01/boskinomics-is-a-recipe-for-confusion/#comment-59</link>
		<dc:creator>P. Stone</dc:creator>
		<pubDate>Fri, 27 Feb 2009 19:53:23 +0000</pubDate>
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		<description>Responses to your 5 points:

1) Not all recessions are the same; they vary in length and severity. Boskin&#039;s point is that Obama&#039;s tax-and-spend liberal policies will exacerbate what is already a deep recession. I agree with him. 

2) Agreed, there is some &quot;optimum&quot; tax rate, but the U.S. already has the highest tax rates in the world, both for income and capital gains. A great way to stimulate growth would be to eliminate the capital gains tax and incentivize capital investment. Obama is doing the opposite.  

3) You&#039;re right, the President doesn&#039;t raise taxes. But he sets and pushes his tax agenda to Congress and, with a Democratic majority, it&#039;s probably smart as a fellow Democrat to follow your party leader&#039;s agenda. This is quintessential politics. 

4) Two wrongs don&#039;t make a right. Moderate conservatives like myself are a completely different breed than the neoconservative, Reagan-esque brand (i.e. high military spending) of Republican politics that President Bush brought to Washington. True conservatives disagree with many of Bush&#039;s policies. 

5) As a start-up owner, you&#039;re probably not going to be paying taxes anytime soon, so I agree with you that reducing regulatory overhead is a good solution. However, I think a better one would be to implement tax credits for companies in sectors like solar and wind energy, that act to reduce externalities to society. 

I miss you dearly.

Pat</description>
		<content:encoded><![CDATA[<p>Responses to your 5 points:</p>
<p>1) Not all recessions are the same; they vary in length and severity. Boskin&#8217;s point is that Obama&#8217;s tax-and-spend liberal policies will exacerbate what is already a deep recession. I agree with him. </p>
<p>2) Agreed, there is some &#8220;optimum&#8221; tax rate, but the U.S. already has the highest tax rates in the world, both for income and capital gains. A great way to stimulate growth would be to eliminate the capital gains tax and incentivize capital investment. Obama is doing the opposite.  </p>
<p>3) You&#8217;re right, the President doesn&#8217;t raise taxes. But he sets and pushes his tax agenda to Congress and, with a Democratic majority, it&#8217;s probably smart as a fellow Democrat to follow your party leader&#8217;s agenda. This is quintessential politics. </p>
<p>4) Two wrongs don&#8217;t make a right. Moderate conservatives like myself are a completely different breed than the neoconservative, Reagan-esque brand (i.e. high military spending) of Republican politics that President Bush brought to Washington. True conservatives disagree with many of Bush&#8217;s policies. </p>
<p>5) As a start-up owner, you&#8217;re probably not going to be paying taxes anytime soon, so I agree with you that reducing regulatory overhead is a good solution. However, I think a better one would be to implement tax credits for companies in sectors like solar and wind energy, that act to reduce externalities to society. </p>
<p>I miss you dearly.</p>
<p>Pat</p>
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