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The first order of business for a Republican president next year should be corporate-tax reform. But even if Republicans win big in the fall, undoing America's largest policy error will be an almost impossible political lift, unless enough people in both parties come to grips with the counterintuitive economics of corporate-tax reform.
Dhammika Dharmapala will present the results from his recent paper on the American Jobs Creation Act of 2004.
The idea that government can create jobs in the economy is a myth, and painting the myth green makes it no less of a myth. The experience of Europe, which has preceded us in the quest for a new green economy, is both negative, and unsustainable, with subsidies being cut back, and feed-in tariffs reduced.
By next year, about two-thirds of American physicians will be working as salaried employees of large groups and hospitals. This movement has been underway for years. Over the last decade, the number of independent physicians was falling by about 2% a year. But these trends are now accelerating.
There's a lot Washington could do to foster job creation, like reforming the nation's regulatory state, the EPA, a corporate income tax cut and encouraging startups.
Immigration reform is a jobs solution that does not require cutting government programs or raising taxes.
The idea that the government can create jobs on net in the economy is a myth, and painting the myth green makes it no less of a myth.
What is there to say about Barack Obama's speech to Congress Thursday night and the so-called American Jobs Act he said Congress must pass? Several thoughts occur, all starting with P.






