When you’re talking stimulus, it’s clear that economic growth and tax increases don’t mix. We’re happy that House budgeteer and member of the Ways and Means Committee Paul Ryan (R-WI) echoes our concern:
House Budget ranking member Paul Ryan, R-Wis., said the most important immediate step would be to block any potential Democratic plans for tax or spending increases. “Most important of all for the markets and economic growth is tax certainty and good fiscal policy. My concern is that Democrats are banking on enormous tax increases,” Ryan said. “I think the first order of business for good economic growth is ‘Do no harm.'”
Dorothy Coleman is vice president of tax and domestic economic policy at the National Association of Manufacturers.