December 20, 2010
-- by Dave Johnson
Everyone should read Terrance Heath's post An Investment Agenda for America | OurFuture.org,
"By failing to invest in direct job creation, our leaders are taking a 'do nothing' approach to shaping the new economy. Doing nothing — and yes, tax cuts amount to doing nothing, given their track record — will yield an economy in which the 'new normal' is a permanently lower standard of living for millions of Americans ... An infrastructure bank may be an idea whose time is has come ... Where an infrastructure bank leaves off, investment in preserving and creating local jobs can make a difference for millions of Americans ... An investment agenda for America must include incentives for corporations to invest again in an America that has been a long-term investor in their success — perhaps even asking them to be American corporations again ... President Obama recently hinted that reforming the tax code may next on his agenda. He would do well to consider that the tax code currently favors wealth over work."
Posted by Dave Johnson at December 20, 2010 7:42 AM
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