Tax Foundation Proposes Long-Term Solution to Economic Woes, Not Quick Fix
January 11, 2008
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.”