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Payroll-tax cut equals growth. Consumer spending equals growth. Consumer spending is 70 percent of the economy. All growth is equal. These are the axioms that motivated lawmakers to secure an extension of a payroll-tax cut this month. But perhaps the axioms are wrong. Maybe payroll-tax cuts don’t equal growth. Perhaps they don’t matter to growth. Perhaps other steps generate better growth. Perhaps the evidence is right there before us, even at Boeing. Look at the data, then look at what else the administration is up to this season, and you’ll see the case for new axioms. The full text posted on Bloomberg.com here: http://www.bloomberg.com/news/2012-02-23/tax-cuts-must-create-growth-not-junk-spending-commentary-by-amity-shlaes.html This post was written by Amity Shlaes, Director of the 4% Growth Project. Find her on Twitter @AmityShlaes.
TARIFFIED: Trade Talk with Matthew Rooney
This week, trade relations between the U.S. and India are continuing to escalate. Earlier this month, the U.S. stopped granting India special trade privileges by taking away the Generalized System of Preferences (GSP) program, and India has responded by enforcing more tariffs of its own. The George W. Bush-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict: For more information on trade groups and the global economy, visit www.bushcenter.org/scorecard.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.
Bush Institute's Laura Collins Talks Immigration on Good Morning Texas
Last week, Deputy Director of Economic Growth at the George. W. Bush Institute Laura Collins spoke with Good Morning Texas about immigration myths. During the interview, Collins had the opportunity to set the record straight and address common misconceptions about legal immigrants living in America today. The segment was inspired from facts released earlier this fall by the Bush Institute in the third edition of America's Advantage: A Handbook on Immigration and Economic Growth. Watch the full Good Morning Texas interview here.