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.