the economy, create jobs, reduce the tax burden on the middle class, promote economicgrowth, and make us more competitive overseas. Yet all of these plans are doomed from
2000 to $1,000 per child by tax year 2010. This was modified in 2003 (the Jobs and Growth Tax Relief Reconciliation Act [JGTRRA]) when Congress accelerated the timing with taking or spending other people’s money. A lesson in the basic principles of economics is not what is needed here. The real issue is that the transferring and
exacerbated the Great Depression. High tax rates discourage investment, hamper economicgrowth, and “make it extremely difficult for most Americans to amass vital savings
that the FairTax will usher in the millennium. The FairTax will not just increase economicgrowth, it will “send the American economy into warp drive.” It will “bring a period
in his November 5, 2003, testimony in behalf of the FairTax before the Joint Economic Committee on “ Rethinking the Tax Code ,” stated that “because of the tax what Boortz claims. Back in 1997, Jorgenson , the former chairman of the Harvard Economics Department, authored a report for Americans for Fair Taxation (AFT) idea whose time has come. This change will create important new opportunities for growth in the standard of living of all Americans.” But that was 1996, long before
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.