Whats the best way for the federal government to encourage job creation?
Having employed hundreds of Iowans, experience tells me the best way to encourage job creation is to keep taxes and regulation within reasonable fiscal and constitutional boundaries. Unfortunately the federal government currently is moving in the wrong direction on both taxes and regulation. The best short term opportunity for the federal government is to immediately make current tax rates permanent for all income brackets. It is of historical note than most tax cuts have stimulated total tax revenues. With unemployment still very high, the upside potential of further tax reduction is huge. Do you think the government bailout of large financial institutions, approved in October 2008, was a good idea or a bad idea? Not only was the bailout a bad idea, it may yet turn out to be a catastrophe. First, the direct transfer of taxpayer money to save Wall Street bank bondholders punished Iowa kids who will bear the debt load for decades to come. Second, by bailing out the bondholders who shoul
