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A hidden, extra 45.6 percent tax bracket, is tucked away inside the GOP plan. They are more concerned with recovering “lost” revenue than with stimulating economic growth. The great Art Laffer’s influence over Republican tax policy has definitively come to an end.
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The tax reform fails to incentivize higher earners to be even more productive. It also increases the federal government’s reliance on those high-income filers for its tax revenue.
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Uber CEO Dara Khosrowshahi warned the Brazilian government that regulations would negatively affect 500,000 drivers and 17 million passengers who use the app.
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In times of natural disasters and other crises, most think first to turn to their governments for help, but in this situation, Flint was ignored by local, state, and national levels of government and relied heavily on the private sector to reverse the damage.
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There is no macroeconomic data to show that a “good” business-tax index score is associated with a strong state economy. On the contrary, a review of state GDP data indicates that the opposite might actually be true.
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Blockchain technology could make the supply chain for prescription narcotics more secure, but it won’t address the overall problem.
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AIER’s founder, Col. E.C. Harwood, was an admirer of John Dewey’s ideas on education. And now Dewey’s ideas about the functions a teacher performs in the classroom are alive within AIER’s Teach-the-Teachers Initiative program.
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Higgs’s latest book, Taking a Stand: Reflections on Life, Liberty, and the Economy, is a greatest hits of his work over the past decade or so, published by the Independent Institute of Oakland, California. Naturally I couldn’t help myself when I saw it as a new arrival at the Ludwig von Mises Library at Francisco Marroquín University in Guatemala City.
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American universities are the best in the world in large part due to the presence of many that behave more like businesses that offer services. That is in contrast to institutions whose services are treated as “social rights” with prohibitions on profits.
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The Trump administration is now moving to dismantle the whole Clean Power Plan boondoggle, and environmentalist crusaders are not happy. We hear every day that this is “genocide,” “raping the planet,” and the whole predictable litany of apocalyptic quasi-religious fear-mongering.
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AIER has added the Bastiat Society Program to expand the reach of AIER’s mission. Through the program’s well-established chapter network of business leaders, AIER will be coordinating over 140 chapter events in 2018; panel discussions, lectures, conferences and debates that will focus on free markets and liberty.
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The United States does not live in an institutional vacuum; her citizens respond to tax incentives just like they do with prices. As a result of America’s onerous corporate taxes, many corporations choose to establish their headquarters in low-tax countries and also invest abroad.
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