Which is the complete opposite of Obama’s failed Keynesian policies of massive government spending to spur jobs growth.
Via Washington Examiner:
Jeffrey Immelt, CEO of General Electric and President Obama’s “jobs czar,” criticized the current American tax system while apparently opposing President Obama’s call for tax increases to pay for jobs spending.
According to a preview of his interview with “60 Minutes” on CBS, airing this Sunday, Immelt recommended a tax code like that found in some European countries
I think we should have basically the same tax policy that Germany, Japan, the UK — everybody else has, which is a tax rate in the mid-20s and no loopholes. Zero,” he tells Stahl. “The U.S. has the most antiquated tax system. And that means some people are going to pay more taxes, and some people are going to pay less,” Immelt says. . . .
Immelt added, “Personally, I think [lowering taxes] will create jobs.” That remark would seem to put him at odds — at least in principle — with the White House. Jay Carney, Obama’s Press Secretary, defends Obama’s proposed tax increases as a way to pay for layoff-preventing jobs spending.