This Investment Tax Credit Doesn't Pick Winners
In your article "Suddenly, everyone wants to cut taxes" (Top of the News, Nov. 4), you refer to some of my proposals to stimulate investment as requiring government to pick winners and losers. That is not the case -- my suggestion to enact an incremental investment tax credit would simply provide for an investment credit only on new investment above a base line.
This would prevent giving revenues away for investments that likely would have been made anyway. Other than to confine the credit to machinery and equipment, I have imposed no limitations on which types of equipment, or on which industries, can be eligible for the credit.
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