The proposals on Capitol Hill will make government more expensive and increase deficits. Government programs almost always cost more than the preliminary estimates, and projections for healthcare spending have been notoriously inaccurate. Moreover, tax increases will no…
CF&P Foundation Prosperitas Studies
The Health Care Choice Act: Lowering Costs by Allowing Competition in the Individual Insurance Market
According to one estimate, freedom to purchase insurance policies issued in other states could save some families as much as 30 percent on their health policies. Unleashing the Constitution’s promise of unfettered interstate commerce is the most effective way of breakin…
The Global Flat Tax Revolution: Lessons for Policy Makers
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 …
Labour Supply and Marginal Tax Rates: A case study of Belgium, France, Italy, the Netherlands, the United Kingdom and the United States of America
The Prosperitas study by Bram de Bruin (Erasmus University, Rotterdam), originally prepared as a masters’ thesis and with assistance from the European Independent Institute (The Hague, The Netherlands) investigates the effect of labour income taxes on the supply of paid…
The Iceland Tax System: Key features and Lessons for Policy Makers
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 per…
Making Section 911 Universal is Good Economic Policy and Good Tax Policy
America is one of the few nations to tax citizens who live and work abroad. Indeed, no other industrialized nation imposes a second layer of tax on its expatriates. Senator Jim DeMint (R-SC) has introduced legislation, the Working American Competitiveness Act (S. 3496),…
Territorial Taxation for Overseas Americans: Section 911 Should Be Unlimited, Not Curtailed
If policy makers created a level playing field by making Section 911 universal, more Americans could find jobs in the global economy, U.S. companies would become more internationally competitive, and U.S. exports would substantially increase.
Who Writes the Law: Congress or the IRS?
The Internal Revenue Service has proposed a regulation (133254-02) that would require U.S. financial institutions to report bank deposit interest paid to certain nonresident aliens. The IRS admits that the information is not needed to enforce U.S. tax law, and instead s…