The Center for Freedom and Prosperity Foundation today released a new mini-documentary discussing the economic policies that lead to economic growth. Entitled “Free Markets and Small Government Promote Prosperity,” the video shows policy makers solutions that actually work, unlike the so-called stimulus bill that increased the burden of government spending.
read more...The Center for Freedom and Prosperity Foundation today released a new mini-documentary discussing President Obama’s proposed stimulus plan. Entitled “Obama’s So-Called Stimulus: Good For Government, Bad For the Economy,” the video explains why the proposal is best described as a combination of ineffective government spending and gimmicky tax cuts.
read more...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.
read more...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
read more...