NEW YORK (CNN) - Now, a lot of you have asked me to comment on the president's tax cut proposal, so here goes.

The purpose of the cut, the president says, is to create jobs, more than a million of them. And in a typical slowdown or jobless recovery, which is what we are experiencing, that would be a great idea. But this is not a typical jobless recovery, this time we're emerging from two years of declining business investment, not a contraction in consumer spending. And cutting taxes on dividends isn't, in my opinion, likely to be much of a stimulus to the economy, certainly in the short term. And philosophically, I'm against cutting dividend taxes because it means that work will be taxed disproportionately higher than investment. Admittedly, either case can be argued, that's just where I come down on it.

So, I'm not a big fan of the president's plan, or that of the Democrats.

But if we're going to create jobs, let's create jobs; Accelerating individual tax rate cuts is helpful, raising incentives for small business is helpful. And anytime we can help small business in this country we should do it, they're the ones creating most of the jobs.

Big business needs leadership from CEOs who are highly paid, but who are right now tepid and almost milquetoast in their enthusiasm for the growth of their companies. Kick 'em in the pants, Mr President, tell them to show a little leadership, and earn the big bucks. With deficits rising this year to more than 400 billion dollars, I believe that's a lot of stimulus already in the economy. And I believe this economy is well on its way to stronger growth. But then I'm not running for election next year.