WSJ Again Knocks Card Check
Monday, November 9th, 2009 by AdminThe Wall Street Journal is maintaining its vigilance against job-killing legislation, including the misnamed Employee Free Choice Act. They offer some sound economic advice, though couched in political terms:
If Democrats really want to create jobs and save themselves from a debacle in 2010, their best policy option is to stop creating so much investment uncertainty and additional barriers to business hiring.
Stop trying to raise business costs by making it easier to unionize via “card check.” Stop trying to raise energy costs with a cap-and-tax bill. Stop adding to the deficit and future tax burden with a 12% increase in domestic spending for 2010.
Above all, stop trying to ram through Congress on a partisan vote a health-care bill that imposes a 5.4-percentage-point income tax “surcharge” on anyone making more than $500,000 a year. The Joint Tax Committee reports that one-third of this $460.5 billion tax increase will be paid by small business job creators who file their taxes under the individual income tax code. Amid a 10.2% jobless rate, the highest in 26 years, this tax increase is the definition of insanity.
