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Competitiveness Means Less Government, Not More

The Administration's American Competitiveness Initiative is thewrong solution in response to a flawed diagnosis. America'scompetitive position is not threatened because the federalgovernment is not spending enough: The problem is that governmentis too big. Excessive government causes the misallocation of laborand capital, and the high tax rates needed to finance it discouragework, saving, and investment.
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Margaret Thatcher 2.0?

British Prime Minister Liz Truss is going big. Her Chancellor, Kwasi Kwarteng, has unveiled an aggressive program of permanent tax cuts. The Wall Street Journal likes the plan: Mr. Kwarteng axed the 2.5-percentage-point increase in the payroll tax imposed by former Prime Minister Boris Johnson, and canceled a planned increase in the corporate income tax rate to 26% from 19%. ... Kwarteng also surprised by eliminating the 45% tax rate
New York United States United Kingdom Theresa May Margaret Thatcher Dan Mitchell

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Comments to OMB on Draft Report on Costs and Benefits of FederalRegulations

Estimating the total benefits and costs of federal regulations - asOMB is required to do in this report - is no easy task. Regulatoryaccounting is still an evolving, and as yet imperfect, discipline.Yet, there are some changes that could usefully be made to providea clearer and more complete picture of the impact of regulation.
United States Krista Kafer Jennifer Zambone Greg Conko Sam Kazman Dan Mitchell

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