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Thursday, August 23, 2012

Linda McMahon Leads In Connecticut

A Rasmussen poll finds former WWE CEO Linda McMahon leading Congressman Chris Murphy by 3 points, 49% to 46%. Recent polling in Connecticut seems suggest a general dissatisfaction with the Democrats, as Obama only leads by 8% in a state he carried by 23%. The states unemployment rate is above the national average at 8.5% and voter are clearly worried about further job losses. Groton, home to Electric Boat and the Naval Submarine Base could be fiscally devastated if the defense sequestration is allowed to proceed. The thought of pink slip going out a month or so before the election cannot be much comfort to Murphy.
McMahon has continually pressed Murphy to produce a jobs plan. Finally the Murphy campaign produced this weak ad.

First, putting 75 people to work to clean up a HAZMAT site ain't exactly the Grand Coulee Dam. I certainly don't begrudge the workers a few month work and I do not fault Murphy for procuring the funds from a taxpayer funded boondoggle that should have been killed a generation ago. But a jobs plan? Sadly, this is how career politicians, and Murphy is just that, view the economy. They take tax dollars and spend it on pet projects and the voters are supposed to reward them with a job of their very own. Taxing Peter to pay Paul does nothing to grow the economy and while it may result in employment it does not contribute to economic growth.
McMahon has produced a bold economic plan and that would cut the middle class tax rate to 15%, eliminate capital gain taxes on the middle class, kill the death tax, and end the alternative minimum tax. She would also reduce corporate taxes, allow 100% expensing on capital expenditures and move to a territorial tax for corporation. That is bold! You can view here whole plan here.

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