President Obama’s Treasury Department has proposed a new Internal Revenue Service regulation (REG-146097-09) that would overturn existing law and force American banks to report the interest paid to all nonresident aliens. This ill-considered rule is a retread of a Clinton-era proposal that was shelved without implementation. But if implemented today, it could drive hundreds of billions of dollars out of the U.S. economy and harm America’s already shaky financial system. The Center for Freedom and Prosperity once again plans to be a leader in the effort to derail or kill this misguided regulation.

In the latest “Economics 101” video released today by the Center for Freedom and Prosperity Foundation (CF&P), Hiwa Alaghebandian of the American Enterprise Institute punctures a common economic myth used by politicians to justify bigger government. The video, entitled “Keynesian Economics Is Wrong: Economic Growth Causes Consumer Spending, Not the Other Way Around,” dispels the popular Keynesian notion that artificially boosting consumer spending can improve economic performance.

In a new mini-documentary released today by the Center for Freedom and Prosperity Foundation (CF&P), Dan Mitchell of the Cato Institute provides a point-by-point rebuttal of a recent White House pro-tax increase video. The full White House production, which is narrated by Council of Economic Advisers Chair Austan Goolsbee, is actually embedded in the CF&P video, allowing viewers to get both sides of the argument.

The Center for Freedom and Prosperity congratulates the newly-elected members that will serve in the 112th U.S. Congress, and looks forward to working with new members who believe in promoting economic growth through limited government and free markets.

The Center for Freedom and Prosperity Foundation is announcing a free market video contest, with a grand prize of $1,000 available for the video that best promotes free markets, limited government, and individual liberty. CF&P specifically encourages students to participate, but entries from individuals of any age will be accepted.

The Center for Freedom and Prosperity is renewing its call to end U.S. taxpayer funding of the Organization for Economic Co-operation and Development (OECD). The United States currently provides more funding to the OECD than any other nation, yet the Paris-based bureaucracy constantly works against the interests of American taxpayers.

In a new video released today by the Center for Freedom and Prosperity Foundation (CF&P), Dan Mitchell of the Cato Institute debunks the statist claim that the federal budget can only be balanced through massive tax hikes.

The Center for Freedom and Prosperity Foundation has released a new Prosperitas study, entitled, “An Update on the OECD’s Campaign Against Tax Competition, Fiscal Sovereignty, and Financial Privacy,” warning low-tax jurisdictions that the Organisation for Economic Co-operation and Development (OECD) may unveil last-minute schemes at the upcoming Global Forum on Transparency and Exchange of Information for Tax Purposes taking place Sept. 29-30 in Singapore.

Dan Mitchell, a Senior Fellow at the Cato Institute and Chairman of the Center for Freedom and Prosperity, will be in Singapore for the upcoming Organisation for Economic Co-operation and Development (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes.

The capital gains tax is a perverse form of double taxation that should be abolished. This bad tax is especially damaging because families often are taxed on gains that are solely the result of inflation. This video explains how taxpayers could be protected by indexing the capital gains tax so the levy only applies to inflation-adjusted gains.