December 4, 2008
Columnist Deroy Murdock Talks About Future Use of Bailout Funds
"Down With Bailouts, Up with Incentives"
By Deroy Murdock
President-elect Barack Obama—rated the Senate's No. 1 liberal—seems to have side-stepped his statist ways long enough to scuttle his speedy end to Bush's first-term tax cuts on upper incomes. Obama reportedly will let them expire naturally in 2011 rather than euthanize them in 2009. The Tax Foundation estimates this will leave $100 billion in private hands, where it will do some good.
