Free Market News…
Puerto Rico Must Save Itself
Congress is weighing what to do about Puerto Rico’s self inflicted fiscal crisis. Writing in the Daily Caller, CF&P’s Brian Garst argues that allowing the territory to go through bankruptcy is no better than a bailout because it allows politicians to escape the consequences of their actions. http://freedomandprosperity.org/2016/opinion-and-commentary/puerto-rico-must-save-itself/
Time for Congress to Reform Federal Aviation Taxes
President Andrew Quinlan explains how to ensure airport infrastructure spending isn’t first funneled through multiple layers of Washington bureaucrats before being put to use by repealing the Anti-Head Tax Act and letting local authorities take greater control. http://freedomandprosperity.org/2016/opinion-and-commentary/time-for-congress-to-reform-federal-aviation-taxes/
CF&P Paper Calls for Action On Auto Parts Protectionism
A new paper from Brian Garst warns about the anti-competitive consequences and higher consumers costs from the growing use of design patents for repair auto parts. http://freedomandprosperity.org/2016/news/press-releases/new-cfp-paper-calls-for-action-on-auto-parts-protectionism/
Rep. Boustany’s BEPS Act (H.R. 4297) contains much needed privacy protections for the country-by-country reporting demanded by the OECD. The legislation is the result of growing awareness within Congress with the many problems posed by the BEPS process.
Awareness is also still growing outside of Congress, as the article cited in the following blog post demonstrates.
Is BEPS Full of Sound and Fury, Signifying Nothing?
A critique in BNA suggests that many are starting to see through the OECD’s BEPS fog. However, the author fails to see that much of the OECD’s apparent mistakes are deliberate acts of obfuscation aimed at hiding the organization’s true objective: the elimination of tax competition. http://freedomandprosperity.org/2016/blog/is-beps-full-of-sound-and-furying-signifying-nothing/
From the Market Center Blog…
Why Do Hillary and Bernie Want to Undermine Jobs and Investment in America?
Dan Mitchell explains what’s wrong with the vacuous demagoguery from the leading Democratic candidates on corporate inversions. http://freedomandprosperity.org/2016/blog/why-do-hillary-clinton-and-bernie-sanders-want-to-undermine-jobs-and-investment-in-america/
Has Keynesian Economics Finally Jumped the Shark?
The IMF’s latest nutty Keynesian pronouncement might be so bad that it finally opens some eyes. http://freedomandprosperity.org/2016/blog/big-government/has-keynesian-economics-finally-jumped-the-shark/
Too Few Understand Socialism
Richard Rahn has identified a disturbing trend: widespread ignorance of the failures of socialism among young people. http://freedomandprosperity.org/2016/blog/big-government/too-few-understand-socialism/
The Simple Solution to America’s Deteriorating Fiscal Outlook
The latest Congressional Budget Office 10-year fiscal forecast has the numbers getting worse. The good news is that a turn around is still possible. http://freedomandprosperity.org/2016/blog/big-government/the-simple-solution-to-americas-deteriorating-fiscal-outlook/