Review & Outlook: Stimulus Lite - WSJ.com: "Meanwhile, as amended last week by Senate Majority Leader Harry Reid, the bill is financed by a new 5.6% surtax on millionaires. So a bill that the White House has sold as a temporary $265 billion tax cut for employers is financed with a permanent almost half-trillion-dollar tax hike on businesses and investors. What a deal."
'via Blog this'And a bill advertised in the name of job creation is now primarily about the new Democratic campaign theme of redistributing income. If history is any guide, that ploy will send employers and investors into a further hiatus, destroying far more jobs in the private economy than the government-financed jobs it hopes to create.
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