Stimulate the Weak Economy by Cutting Corporate Taxes

Romina Boccia /

This week’s disappointing news on the progress of the economic recovery has some Democrats and their allies yearning for more fiscal “stimulus.” But continuing the failed policies of the recent past would be the wrong response. Instead, Congress and the President should pursue fiscal policies that stimulate the engines of economic recovery and growth.

The rise in the May unemployment rate coupled with Federal Reserve Chairman Ben Bernanke’s statement on the weak economic recovery is fueling liberal cries for more federal spending. The New York Times reports:

Recent signs that the economic recovery is flagging have introduced a new tension into the bipartisan budget negotiations, giving rise to calls especially from liberals to limit the size of immediate spending cuts or even to provide an additional fiscal stimulus. (more…)