A Taxing Problem for President Obama

An article from the Associated Press on last quarter's unexpected economic growth presents President Obama a problem. How to keep it going.

"The economy's faster-than-expected growth at the end of last year, fueled by companies boosting output to keep stockpiles up, is likely to weaken as consumers keep a lid on spending.

Many estimate the nation's gross domestic product will grow 2.5 percent to 3 percent in the current quarter and about 2.5 percent or less for the full year."

The economy felt a spurt, but the American people don't want to spend their money to keep it going. How to solve this dilemma?

"The economic recovery could falter if consumers, who account for 70 percent of economic activity, lack the income to ramp up spending."

With unemployment high and expected to "remain close to 10 percent through the end of the year," what can Washington do to spur consumer spending and confidence?

"...for all of last year, workers' compensation rose by the smallest amount on records going back more than a quarter-century."

How to put more money in people's pocket so they will spend the money and keep the economic engine revving up.

If only there were a way to CUT down on the TAXing nature of this problem. If only there were a way to REDUCE how much this problem TAXES our economy. We must LOWER the TAXATION this problem places on the economy in order to SPUR THE ECONOMY.