- The frequency of news stories on the issue of government policy uncertainty
- Expiring federal tax provisions (there happen to be 41 in 2012)
- Disagreement among forecasters over inflation and federal government purchases
We would agree that a strong implication of their research is that clarity on future tax and spending policies may lead to acceleration in economic growth. Today, many businesses are unwilling to invest for growth or hire new employees because of the uncertainty of future tax rates. Another key issue that continues to burden us is our federal deficit and growing debt level.
The United States and the rest of the developed world need to focus on policies that will support economic growth. As U.S. citizens we should demand candidates for 2012 election (presidential, congressional, and gubernatorial) put forth their vision for restoring growth and be judged accordingly