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Growth, First and Foremost
Our country is a better place when there is strong growth, and the U.S. should pursue policies that are growth-enhancing. That’s the message from Rich Karlgaard, publisher of Forbes, in his recent column “The 4% Solution: America Needs Growth.” Karlgaard recently moderated a panel at our tax conference, titled “Tax Policies for 4% Growth.” In his column, Karlgaard points-out that Americans spend $300 billion every year on tax-preparation services alone. Simplifying the tax code — even ignoring the issue of tax rates for the moment — would boost growth by itself. Other policy changes Karlgaard recommends include: cutting government spending, encouraging domestic energy production, altering immigration policy to attract high-skilled foreigners, and integrating technology into the health-care and education sectors. At the 4% Growth Project, we aim to change the national economic conversation to be focused first and foremost on economic growth. With every policy proposal, Americans should be asking how it will affect growth. Karlgaard has highlighted several areas that we agree are promising in terms of the economic growth they can generate. Stay tuned as we explore many of these issues — especially taxes, energy, and immigration — in greater detail over the coming months.
Test Your Knowledge on North American Trade
Test your knowledge on trade in North America and how we compare to trade groups world-wide.
Reflections on the Economic Legacy of President George H.W. Bush
President George H.W. Bush provided peerless leadership in addressing the economic challenges of his time and laid the foundation for unprecedented prosperity over the two decades following his Administration.
Promoting Inclusive Urban Growth: A Call To Action
Many U.S. cities face growing challenges in building economies in which each generation lives better than the one before. Learn what steps city councils, businesses, and nonprofits can take to course correct.