Fewer People Working Means Permanently Lower Tax

As A Former Member Of President Obama's Economic Team, I Have A Soft Spot For The Fiscal Stimulus Legislation He Signed Just A Month After His Inauguration.

President Obama Has Repeatedly Urged Congress To Let The Bush Tax Cuts Expire For Those Earning More Than $250,000 A Year. Increasing Rates On Top Earners Is An Obvious Way To Raise Revenue From Those Who Can Afford It Most.

You Know, I Think The, The Crucial Thing, You Know, We Have Put In Place What Is, Is Just Simply The Biggest, Boldest Recovery Package In History, Right; The Stimulus Package, Biggest Ever; The Financial Rescue, Absolutely Comprehensive; A Housing Plan - That Is Incredible Medicine For The Economy. And We Fully Expect It To Work.

As An Economic Historian, I Appreciate What Manufacturing Has Contributed To The United States. It Was The Engine Of Growth That Allowed Us To Win Two World Wars And Provided Millions Of Families With A Ticket To The Middle Class. But Public Policy Needs To Go Beyond Sentiment And History.

Making Labor Less Expensive Helps Firms Hire People.