Terrence Wall will fix it all!

Republican U.S. Senate candidate Terrence Wall says he’s got solutions to the issues Wisconsinites care about, issues like jobs, health care, and taxes. I thought I’d take a moment to take a look at Terrence Wall’s “plan” to spur job growth, which can be summed up pretty succinctly. In his “Getting people back to work” section, Wall notes (italics mine):

I know that our nation needs a true job recovery plan that:

• Rescinds the tax increases coming in 2010 & 2011. It’s a proven tenet of economic policy, reducing taxes encourages economic growth which in turn increases tax revenue.

“Reducing taxes encourages economic growth.” That’s a mantra I’ve heard repeated over and over again by conservatives, and when former president George W. Bush pushed for the introduction of his $1.3 trillion tax cuts, he noted, “A warning light is flashing on the dashboard of our economy, and we just can’t drive on and hope for the best. We need tax relief now.” So here’s my question for Terrence Wall: if tax cuts area a panacea for our country’s economic issues, then why didn’t the $1.3 trillion in tax cuts passed into law during Bush’s administration do more to leave our economy better than how he found it? By the time George W. Bush left office, our nation’s economy was in rotten shape, and not even $1.3 trillion in tax cuts helped.

But rest assured, Terrence Wall’s not just a one-trick pony when it comes to taxes. In addition to reducing taxes, Wall also supports lowering taxes….this time in the form of the capital gains tax. See, Wall’s no fan of the capital gains tax, but given the fact that Wall earned hundreds of thousands of dollars in unearned income, as well as his aversion to paying taxes in general, I suppose I shouldn’t be shocked by Terrence Wall’s tax “plan.”