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Obama’s Bad Economic Ideas

PRESIDENT OBAMA’S economic proposals in Tuesday’s State of the Union address were a disappointment. His ideas — free community college, an enhanced tax credit for child care and higher taxes on high-income earners and large financial institutions — failed to go beyond mere talking points. With no chance of engaging the Republicans, they will surely die without a hearing. But the president’s proposals do invite a case for a comprehensive tax and entitlement reform, one based not on redistribution but on growth, work and opportunity…Read More

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