With lower taxes more capital will be seeking more production to get greater returns, making the economy grow faster and more efficiently. With higher taxes more capital seeks tax shelters, this shifts more capital to things other than the most productive, which in turn is less efficient and leads to a slower growing economy. Obama does not seem to understand that lowering taxes and simplifying the tax code will create middle class jobs on its own. It seems that his main objective is to spend, spend and spend some more.
Obama administration out does Snowden and Manning in that they disclosed too much about latest al Qaeda threat. Intel community fears that sources and methods may have been compromised. Sound familiar?
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