NY Times March 8, 2010, Paul Krugman on Ireland

Paul, an excellent analysis of Ireland's strategy which has been successful in recognizing and dealing with the causes of economic recovery through the elimination of regulatory road blocks.

Being Irish I have also noted with pride the priority given by their government to creating new jobs through tax limits. A maximum corporate tax of 12.5 per cent is continuing to act as an incentive for startups and existing companies to locate in Ireland. Obviously, all countries today which seek to provide jobs for their people in a robust economy are competitors with our efforts in this country. If I am a C.E.O. of a corporation I can either build my company in a country that is pro business, putting my profits and workers ahead of excessive state and federal tax bites, or one that promotes major tax and expansive spending policies.

If the Obama administration is serious about creating and restoring jobs in America, then Ireland's approach to lower corporate taxes accompanied by those components you detailed in your analysis, are worth serious study and quick congressional understanding. Incentives for companies in the U.S. are needed for job creation and when coupled with major corporate tax reductions, they will work.

Dr. Alan Phillips
Bloomington, IL