“The main lesson from this video is that influence peddling and other sleazy behavior in Washington is the symptom. The underlying disease is excessive government.” This is Daniel Mitchell’s blunt assessment in a new mini-documentary released today by the Center for Freedom and Prosperity Foundation.
read more...Now that the so-called stimulus has been enacted, hopefully policy makers will turn their attention to policies that actually improve economic performance. This Center for Freedom and Prosperity video reviews the key finding in the Fraser Institute’s Economic Freedom of the World and explains that, contrary to the policies of Presidents Bush and Obama, smaller government and free markets are the way to boost economic growth.
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
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