Allan Sloan argues in the latest Fortune that allowing the Bush tax cuts to expire wouldn?t ?traumatize? the stock market.
He offers evidence against the notion of a strong inverse relationship between tax rates and stock performance. For example, the market grew 189 percent in the Clinton years of tax rate increases.
My response? OK. Sloan?s argument still doesn?t make the expiration of the Bush tax cuts a good idea.
Click here, here, or here for reasons to keep those current tax rates in place.
