Tax Foundation Proposes Long-Term Solution to Economic Woes, Not Quick Fix
Hillary Clinton unveiled her economic stimulus package today as Congress and the Administration continue to discuss quick fixes for the economy.
The Tax Foundation weighed in on the issue with a proposal to focus on long-term solutions instead, such as lowering the corporate tax rate, currently the second highest in the industrialized world.
“While stimulus packages may be politically popular,” said Dr. Robert Carroll, study author and vice president for economic policy, “they are often ill-timed, poorly-crafted, and do little to boost the economy. Sound monetary policy should be used in the short run to help stabilize the economy.”
Click here to read Fiscal Stimulus: Missing the Big Picture?. Click here for more on corporate taxes.
Was this page helpful to you?
Thank You!
The Tax Foundation works hard to provide insightful tax policy analysis. Our work depends on support from members of the public like you. Would you consider contributing to our work?
Contribute to the Tax FoundationShare This Article!
Let us know how we can better serve you!
We work hard to make our analysis as useful as possible. Would you consider telling us more about how we can do better?
Give Us Feedback