Obama’s Recipe for Tax Disaster

Articles: Obama’s Recipe for Tax Disaster.

The sort of tax-avoiding behavior that these measures would incentivize are just about the worst thing that could happen to a fragile economy.  Investors and other millionaires would defer income whenever possible, leaving money in already swollen corporate coffers and keeping it out of general circulation.”

Money goes into hiding (muni bonds, overseas) and the rich slow spending on big ticket items. This only contributes to the perception of an antibusiness administration.

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