{"id":6612,"date":"2010-08-16T10:32:03","date_gmt":"2010-08-16T14:32:03","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=6612"},"modified":"2010-08-16T10:41:03","modified_gmt":"2010-08-16T14:41:03","slug":"latest-survey-of-economists-no-more-stimulus-extend-tax-cuts-for-everyone","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/6612\/latest-survey-of-economists-no-more-stimulus-extend-tax-cuts-for-everyone\/","title":{"rendered":"Latest Survey of Economists:  No More &#8220;Stimulus,&#8221; Extend Tax Cuts for Everyone"},"content":{"rendered":"<p>The latest <a href=\"http:\/\/online.wsj.com\/article\/SB20001424052748703723504575425282130641978.html#mod=todays_us_front_section\" target=\"_blank\">survey<\/a> of 53 economists by <em>The Wall Street Journal<\/em> offers a clear message.\u00a0 Namely, no more government &#8220;stimulus,&#8221; and extend the soon-to-expire Bush-era tax cuts for <em>everyone<\/em>, not just those earning under $250,000 annually.<\/p>\n<p>Of 48 polled economists, 30 flatly rejected calls for any form of additional fiscal or monetary &#8220;stimulus.&#8221;\u00a0 Only 6 economists encouraged more Obama-Reid-Pelosi style fiscal stimulus, only 5 suggested additional monetary stimulus from the Federal Reserve and just 7 suggested both.\u00a0 On the issue of taxes, fully 32 of the polled economists called for extending <em>all<\/em> of the current lower tax rates, in a sharp rebuke to Obamanomics.\u00a0 Only 3 economists supported an end to the Bush-era tax cuts, and only 11 agreed with Obama and Timothy Geithner in their campaign to raise taxes on those individuals and small businesses reporting income over $250,000.\u00a0 Unlike Obama and Geithner, economists recognize the <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/43-taxes-and-economy\/694-raising-taxes-on-the-rich-will-harm-the-economy\" target=\"_blank\">destructive effect<\/a> that raising taxes on individuals and small businesses in the top income segments will have.<\/p>\n<p>As Stephen Stanley of Pierpoint Securities summarized, &#8220;the economy needs government to get out of the way.&#8221;\u00a0 Well said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest survey of 53 economists by The Wall Street Journal offers a clear message.\u00a0 Namely, no more government &#8220;stimulus,&#8221; and extend the soon-to-expire Bush-era tax cuts for everyone, not just those earning under $250,000 annually. Of 48 polled economists, 30 flatly rejected calls for any form of additional fiscal or monetary &#8220;stimulus.&#8221;\u00a0 Only 6 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[59,19,102,27,24,1614,179,105,71,28],"class_list":["post-6612","post","type-post","status-publish","format-standard","hentry","category-posts","tag-deficit","tag-economy","tag-free-market","tag-jobs","tag-obama","tag-obamanomics","tag-stimulus","tag-tax","tag-taxes","tag-tea-party"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=6612"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6612\/revisions"}],"predecessor-version":[{"id":6614,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/6612\/revisions\/6614"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=6612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=6612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=6612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}