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A growing number of policymakers are recognizing that the U.S. corporate tax system is a major barrier to economic growth. In a new paper, authors Duanjie Chen and Jack Mintz present estimates of effective corporate tax rates on new capital investment for 83 countries and find the U.S. rate amongst the highest in the OECD. Chen and Mintz argue that a "sharp reduction to the federal corporate rate of 10 percentage points or more combined with tax base reforms would help generate higher growth and ultimately more jobs and income."
The dramatic political showdown over unions and collective bargaining in Wisconsin has spread to Ohio and Indiana. Cato scholar Chris Edwards comments, "[C]ollective bargaining is not a 'right' of government workers, but a special privilege that stands in the way of modern and flexible policy management. Hopefully, public sector unions will eventually go the way of private sector unions and the dinosaurs."
A free-trade agreement between the United States and Colombia has been stalled in the U.S. Congress for more than four years since it was signed in November 2006. In a new study, Cato scholars Juan Carlos Hidalgo and Daniel Griswold examine the Colombia agreement in light of the president's call to boost U.S. exports, and examine whether violence in Colombia against union members poses a legitimate obstacle to trade liberalization.
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The Case for Gold
This landmark book was the minority report from the U.S. Gold Commission in 1982, which evaluated the role of gold in the monetary system. It covers the history of gold in the United States, explains how the breakdown in its use as a financial standard was caused by government, and details the critical need for sound money.
The False Promise of Green Energy
Offers an outstanding, nearly unprecedented evaluation of claims by green energy and green jobs proponents that we can improve the economy and the environment, almost risk free, by spending billions of dollars on what are ultimately false promises.
Liberty of Contract
Examines the history of the right of individuals to bargain over the terms of their own contracts and shows how this right has been continuously diminished by court decisions and by our country's growing regulatory and welfare state.
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