Try digitalPLUS for 10 days for only $0.99

Readers Respond

News Opinion Readers Respond

Senate tax cut plan not enough

Sure is encouraging to hear Senate Democrats supporting reducing taxes for small businesses by $29 billion until you realize they want to cut taxes for only those businesses that hire new workers, or give their current workers raises, or invest in new equipment this year.

They believe this will encourage businesses — especially small ones—to hire again. Not likely.

From the fourth quarter of 2007, when the recession officially began, to the end of 2009 (official end of the recession), real U.S. business investment plunged 22 percent, an unprecedented drop.

This economic tsunami washed away millions of jobs, created massive uncertainty and helped push the jobless rate above 8 percent where it has remained for 41 months.

This is why we now suffer the worst jobs recession since the Great Depression, three years after the recession officially ended.

Targeted tax breaks won't get the job done. These are half-measures that don't address the real problem, which is that real business investment remains almost $100 billion below where it was nearly five years ago.

Stop the meddling. Stop the micromanaging. Rather than just a select few tax cuts that sound good in an election year, America needs deep, across-the-board tax cuts for all businesses.

Benedict Frederick, Jr., Pasadena

Copyright © 2015, The Baltimore Sun
Related Content
  • Free community college is a bad idea

    Free community college is a bad idea

    Free community college is another poorly thought idea from President Barack Obama ("Obama turns populist in State of the Union speech," Jan. 21). Am I against opening up the opportunity for many who cannot afford college? Absolutely not, but here is my concern. We already require K-12 education...

  • It's not the size of the government that's the problem

    It's not the size of the government that's the problem

    Some believe the central political issue of our era is the size of the government. They're wrong. The central issue is whom the government is for.

  • If the economy isn't as rosy as it should be, blame the GOP [Letter]

    If the economy isn't as rosy as it should be, blame the GOP [Letter]

    Commentator Peter Morici's recent column on President Barack Obama's job numbers is a real flight of fancy ("The economy under Obama is not as rosy as numbers suggest," Oct. 7).

  • How Republicans are ruining America

    How Republicans are ruining America

    On the national level, the cost of citizens not voting is quickly becoming apparent. Economically, the seeds of the next recession have been sown by the Republican weakening of financial controls so once again the greedy of Wall Street can gamble on dangerous financial derivatives with failure...

  • Regulate the banks

    Regulate the banks

    Dan Rodricks' recent column attributing amnesia to our Congress and president for dispensing with the requirement that big banks refrain from making risky investments with taxpayers' deposits was right on target ("For too many in Washington, a phantom recession," Dec. 21).

  • Milking the rich is not a solution

    Milking the rich is not a solution

    I was saddened and disappointed to read The Sun's editorial regarding President Barack Obama's State of the Union address ("Mr. Obama's tax plan," Jan. 21).

  • Mr. Obama's tax plan

    Mr. Obama's tax plan

    It's a pretty safe bet that Congress is not going to react to President Barack Obama's State of the Union address by immediately turning around and agreeing to his priorities like free community college and mandatory sick leave. When was the last time any presidential initiative got that kind of...

  • Obama's middle class 'help' is useless

    Obama's middle class 'help' is useless

    All we hear from President Barack Obama is that he is for the middle class. Well, I consider myself middle class. I am a retired homeowner, so let's see how this pans out for me.

Comments
Loading

81°