Economic Growth

Economic growth enhances the well-being of all. While Keynesians and redistributionists focus on how the economic pie is sliced, proper policy should focus on its growth.

Additional Resources:

Heritage research page on economic growth.
Curtis Dubay, “Setting the Tax Record Straight: Clinton Hikes Slowed Growth, Bush Cuts Promoted Recovery,” Heritage Foundation, September 6, 2011.
Richard Rahn, “Growing the economy for dummies,” Washington Times, August 20, 2011.
Arthur Laffer, Wayne Winegarden & John Childs, “The Economic Burden Caused by Tax Code Complexity,” The Laffer Center for Supply-Side Economics, April 14, 2011.
Veronique de Rugy, “Debt and Deficits: The Symptom, Not the Disease,” Testimony before the House Committee on Ways and Means, March 30, 2011.
J.D. Foster, “Why the Demand Side Stimulus Failed,” Testimony before The Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending Of The House Committee on Oversight and Government Reform, February 16, 2011.
Curtis Dubay, “How to Fix the Tax Code: Five Pro-Growth Policies for Congress,” Backgrounder #2502, Heritage Foundation, December 14, 2010.
Barry W. Poulson and Jules Gordon Kaplan, “State Income Taxes and Economic Growth,” Cato Journal, Vol. 28, No. 1 (Winter 2008).
Seth W. Norton, “Economic Growth and Poverty: In Search of Trickle-Down,” Cato Journal, Vol. 22, No. 2 (Fall 2002).
Reuven Brenner, “The Causes of Economic Growth,” Cato Policy Report, Vol. XX No. 3, May/June 1998.

Three Senators Ask for Withdrawal of Destructive IRS Regulation

April 19, 2011

The Center for Freedom and Prosperity and the Coalition for Tax Competition are pleased to acknowledge the strong stand three Senators have made against a proposed IRS regulation to collect additional and unnecessary information from nonresident aliens who invest in the United States.

Economics 101: Seven Reasons Why Tax Increases Are the Wrong Approach

May 3, 2011

This Economics 101 video from the Center for Freedom and Prosperity gives seven reasons why the political elite are wrong to push for more taxes. If allowed to succeed, the hopelessly misguided pushing to raise taxes would only worsen our fiscal mess while harming the economy.

The Global Flat Tax Revolution: Lessons for Policy Makers

February 1, 2008

Atleast 24 nations have adopted some form of single-rate tax regime. These reforms have generated impressive results, including faster growth, more jobs, and increased competitiveness. While politicians generally are most concerned about losing tax revenue, they should not worry. Flat tax systems oftentimes generate higher tax revenues because of more income and better compliance.

The Iceland Tax System: Key features and lessons for Policy Makers

April 9, 2007

Market-oriented tax policy has played a key role in Iceland’s rebirth. Major tax reforms include slashing the corporate tax rate from 50 percent to 18 percent, abolition of the wealth tax, a low-rate 10 percent flat tax on capital income, and an intermediate-rate 36 percent flat tax on labor income. These supply-side reforms, along with policies such as privatization and deregulation, have yielded predictable results. Incomes are rising, unemployment is almost nonexistent, and the government is collecting more revenue from a larger tax b