It's true that the Fed's success in reducing inflation has been the equivalent of a major tax cut.

FORBES: Fact and Comment

But reducing government spending does the opposite and is the functional equivalent of raising taxes.

FORBES: Obama's Bad Economic Policies vs. Romney's Disastrous Ones

Fitch Credit Ratings estimates that this is whittling coal sales by about 63 million tons per year, equivalent to 6% of 2010 consumption, with new EPA regulations further reducing sales by another 5%.

FORBES: Paul Krugman's Toxic Shock Syndrome: Mercury Madness