A Case for Corporate Tax Relief
As the financial markets continue to be strained and economic conditions seem to deteriorate at an accelerating rate, Thomas Stevens, a portfolio manager at Denver Investment Advisor’s Fixed Income Group, has prepared a thoughtful commentary on the current market environment. Among other topics, he presents a sound argument for the federal government to focus their efforts on general corporate tax relief in lieu of spending billions of dollars bailing out individually-selected firms such as the AIGs, Bear Stearns, and GMs of the world. He believes loans to domestic automakers whose business models have been flawed for years makes no rational sense when those dollars could be better utilized via lower corporate taxes to firms who wish to expand capital expenditure programs and thereby stimulate the overall economy. Please click here to read a copy of his commentary.