The cost of high taxes is an obstacle to investment and job creation

Reader responds to comment and reminds us of the obvious the cost of high taxes is an obstacle to investment and job creation

” Who is he kidding? Just go back to 1994 under Whitman and look at all the debt the state has accumulated in that time ,this is more of the same bs. First pay your bills and debts then talk about cutting taxes.”

You clearly don’t understand economics, and the competitive nature of States. If you lower taxes, you attract investment in the State. If you lower taxes, you also leave more money in the pockets of the people, who in turn, spend it in the State. If you do all this at the same time when you cut wasteful State Government spending, you are on the way to a much better place.

Now on a Federal scale, the same thing applies to international competition. We currently have the highest corporate tax rate in the industrialized world, but the likes of Obama simply don’t understand the free market. Don’t feel bad. If the President doesn’t, you can’t be expected to know.