James Pethokoukis

Healthcare surtax another burden on US economy

July 8, 2009

As you are contemplating the idea of a (perhaps ) $300 billion surtax on wealthier Americans to help pay for healthcare reform, consider that ALREADY the potential growth rate of the US economy has been lowered by all the government intervention in the economy. In a recent research note, economist David Rosenberg said he was worried about the price-earnings ratio of the stock markets:

Bill Gross: America’s dark economic future … Happy Independence Day!

July 2, 2009

Pimco bond guru — and occasional White House economic adviser —  Bill Gross paints a really depressing economic future

Sarkozy: France on left side of Laffer Curve

June 22, 2009

This, from the president of France: “I will not increase taxes,” he said, “because an increase in taxes would delay the end of the crisis and because by increasing taxes, when we are at our level of taxation, we would not reduce deficits — we would increase them.”

America’s high-tax future

June 4, 2009

Francis Cianfrocca has an interesting post over at Contentions called “Our High-Tax, Low-Growth Future.” Like me, he also saw Ben Bernanke’s testimony yesterday as a harbinger of tax hikes to come: