Political Quotes

“In this piece, Larry Kudlow, a noted economist, notes that with respect to this ``taxmageddon''--the increase in everybody's taxes at the end of this year--it is the uncertainty of it all that is preventing the investment by business which would create the jobs we would all like to see. I would just like to quote three paragraphs and a couple sentences in a fourth. He says: The uncertainty over the Bush tax cuts already has caused a number of business leaders to threaten a hiring freeze and a dampening of investment until they can figure out the after- tax cost of capital and rate of return on investment. Hiring has slowed noticeably in recent months. And a number of Wall Street economists are marking down the anemic recovery even more, suggesting that the 3 percent growth at the end of last year, which faltered to 2 percent growth in the first quarter, could be even less in the period ahead. Then he goes on to say: A bunch of CEOs have even formed their own march on Washington. Eighteen of them just wrote to Treasury man Timothy Geithner, begging him to oppose tax-rate hikes on dividends-- Which would go from 15 to 45 percent-- and capital gains (from 15 to near 30 percent. . . .) ``Equity capital is the life blood of investment and job creation for U.S. companies.'' That is what these CEOs wrote in the letter to Treasury Secretary Geithner.…”