Letters to the Editor – Weekly Issue of April 5, 2010
Readers write in about deficits and taxation, using private money for nuclear power, and the No Child Left Behind law.
Less tax is better
In regard to the David R. Francis column "Obama commission won't cut deficits. Congress will": Mr. Francis stated that the capital gains tax rate should be increased above 15 percent. But Illinois tried taxing businesses at a higher rate, and businesses either failed from overtaxation or left the state. Caterpillar is an example of a company considering leaving Illinois.
What is needed to encourage more new business is less taxation, not more.
Private money for nuclear power
Regarding the editorial for March 1, "Yellow light for nuclear power": Approving more public loans to build nuclear power plants is the worst use of taxpayer money.
President Obama had large campaign donations from nuclear-power industries; he should recuse himself on this. That I know of, nuclear power has never found private financing from Wall Street, and has never found a safe way to dispose of nuclear waste. It is wishful thinking to hope that these flaws will be over soon.
Taxpayer funds will make far greater reductions in dangerous emissions by increasing energy efficiency and backing solar- and wind-power production. Let the nuclear industry fund itself – from private investors.