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National Journal Whiffs on Corporate Tax Facts

In an otherwise fine effort to explain why the U.S. economy is not creating new jobs as fast as it used to, National Journal’s Jim Tankersley reports in the January 21st edition:

Some free-market economists say that we could encourage more domestic investment by cutting corporate tax rates, although it’s fair to note that the jobs breakdown of the 2000s coincided with hefty tax cuts under President Bush. Still, liberal and free-market analysts alike have argued for a sweeping reform of America’s corporate tax code—one that would reduce rates while eliminating many deductions and provisions that give companies incentives to

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National Journal Doesn’t Know How Easy CBO is Too Ignore on Stimulus

Ron Brownstein writes in the May 8th National Journal:

Republicans who say that President Obama’s stimulus plan hasn’t created any jobs must ignore not only the Congressional Budget Office (whose latest estimate put the total as high as 2.1 million) but also the more immediate examples of Marco Rubio and Pat Toomey.

The stimulus may very well end up helping Toomey and Rubio become Senators, but Brownstein fails to report just how easy the CBO’s stimulus job numbers are easy to ignore. As The Heritage Foundation’s Brian Riedl reported on March 26th:

CBO director Doug Elmendorf has finally conceded that they

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