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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.
Matthew Denhart is an expert on immigration policy and is the author of the Bush Institute’s America's Advantage: A Handbook of Vital Immigration and Economic Growth Statistics, now in its third edition. He currently serves as executive director of the Calvin Coolidge Presidential Foundation and is a founder of the Coolidge Scholars Program which provides full-ride merit scholarships to America's most promising college students. A summa cum laude graduate of Ohio University, Denhart has written and spoken widely on a variety of policy topics including the economics of higher education, labor, and taxes. He has contributed articles to numerous national publications including The Wall Street Journal, Forbes.com, CNN Opinion, and Bloomberg View.Full Bio
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