Grading the Presidential Candidates on Taxes
Taxes matter a great deal to the economy. Taxes obviously extract resources from the private sector for use by government. But government operates in a fundamentally different way than private enterprises. Dollars are doled out according to politics and patronage. Failure in government, more often than not, is rewarded with more money. Allocating resources according to politics, subsidizing failure and widespread waste all take their toll on the economy.In the end, broad-based tax relief that enhances incentives for working, saving, investing and entrepreneurship makes for economically sound tax policy, not simple rebates. SBSC examines both President Bush and Sen. Kerry on their projected tax plans.