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Do all Tax Cuts Create Growth?
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.
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
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.