Democrats have come out swinging against Barack Obama’s inclusion of tax cuts in his stimulus plan. What do they want? More spending, of course. As John Kerry put it: “I’d rather spend the money on the infrastructure, on direct investment, on energy conversion, on other kinds of things that much more directly, much more rapidly and much more certainly create a real job.”
Well, that point is rather debatable. But as Peter Ferrara noted on the main site, there are good reasons to object to some of Obama’s poorly designed “tax cuts.” Just not the reasons the president-elect’s Democratic critics cite.