From the Wall Street Journal:
The Obama administration is considering a range of new measures to boost economic growth, including tax cuts and a new nationwide infrastructure program, according to people familiar with the discussions…
…in the mix: a possible payroll tax cut for businesses and individuals, as well as other business tax breaks, according to people familiar with the discussions…
A payroll tax cut would be the most useful thing Obama could do immediately for the economy – and for the people. But this also shows the level of desperation Democrats are reduced to – facing big losses in the fall, they are looking for expedients to just hold the line. Their thinking might be that a tax cut with a flourish enacted shortly before election day might give them a boost…might, that is, save the Senate for them, and prevent a complete blow out in the House.
If it works – I’m not so sure it will; given the attitude of the American people, such a move could backfire and be seen for a cynical, political ploy.
But, my fellow Americans, we’ve got them on the ropes – they are considering a dose of Reaganism two months in front of an election to boost their popularity!
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