Continued from page 1

Washington still could take the bold fiscal approach, but this would require truly historic cuts in spending to make some room for marginal rate cuts that would make a real difference to growth. That’s not likely from this Congress or this president. But a practical Plan B is simply to do no more harm. At least then businesses could concentrate more on business and less on threats from Washington.

J.D. Foster is the Norman B. Ture senior fellow in the Heritage Foundation’s Thomas A. Roe Institute for Economic Policy Studies.