"The Get America Working! approach would work, in effect, by correcting a major price distortion. The current U.S. Internal Revenue Code taxes employment far more heavily than it does the use of natural resources. This distortion has grown progressively worse as payroll taxes have grown. Revising this distortion would increase employment, equity and overall economic vigor importantly. And it would do so by responding to market price signals, not through clumsy and expensive government interventions."
Once the Stimulus Kicks In, the Real Fight Begins
Date:
Sun, 02/01/2009
Source:
Washington Post
In this piece GAW! Advisory Council member Robert Reich notes that getting a stimulus package is relatively easy compared to the longer-term structural changes in the economy and other issues that need to be addressed. The structural problems include tax reform and boosting the incomes of middle class Americans, climate change and our reliance on foreign oil.
