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Studies challenge wisdom of GOP candidates’ plans

October 31, 2011 • National News


FILE – In this Oct. 18, 2011, file photo, Republican presidential candidates Herman Cain, left, former Massachusetts Gov. Mitt Romney, center, and Texas Gov. Rick Perry are seen before a Republican presidential debate in Las Vegas. Key proposals from the Republican presidential candidates might make for good campaign fodder. But independent analyses raise serious questions about those plans and their ability to cure the nation’s economic and housing woes. The candidates are pushing lower taxes and less regulation in the name of job creation. But employers say poor consumer demand is a far bigger obstacle to new hires. (AP Photo/Isaac Brekken, File)

WASHINGTON (AP) — Key proposals from the Republican presidential candidates might make for good campaign fodder. But independent analyses raise serious questions about those plans and their ability to cure the nation’s ills in two vital areas, the economy and housing.

Consider proposed cuts in taxes and regulation, which nearly every GOP candidate is pushing in the name of creating jobs. The initiatives seem to ignore surveys in which employers cite far bigger impediments to increased hiring, chiefly slack consumer demand.

“Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe Login to read more

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