Hastert unloads on Clarke tax plan

From Inside Politics:

"General Clark takes dead aim at small-business owners with his economic plan," Mr. Hastert said in a statement.

"Twenty-three million small-business owners directly benefit from the tax cuts signed into law by the president. Those are the same tax cuts that Wes Clark wants to repeal. ...

"The Treasury Department estimates that if those tax cuts did not go into effect, the unemployment rate would be 1.6 percent higher, 3 million fewer Americans would be working, and real [gross domestic product] would be 3-4 percent lower.

"It is an open question whether General Clark was a brilliant military strategist. But there is no question he has flunked basic economics with his job-killing, tax-raising scheme."


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