The rest of the headline is this:  “After Tax Cuts.”  Wouldn’t it be instructive if China emerged from recession more quickly than the U.S. because they enacted tax cuts to spur growth instead of tax increases to compel it.

Speaking of tax increases and China . . .  One of the biggest beneficiaries of the rise in Chinese auto sales is none other than beleaguered automaker General Motors:

GM, the biggest overseas automaker in China, raised its forecast for the nation’s market growth this year to a range of between 5 percent and 10 percent from an earlier prediction of less than 3 percent . . .

But President Obama’s proposed tax increases will hurt GM even a dozen time zones away from Detroit.  That’s because for the first time American corporations with overseas operations will be subject to whatever the tax the host country levees, plus America’s highest-in-the-world 35% corporate tax.  So while GM is in Washington asking for a second handout, the federal government’s other hand is busy picking the automaker’s back pocket. 

Here’s my simple stimulus plan for GM (and the rest of the American economy):  No bailouts, no tax increases.

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