As part of the “fiscal cliff” negotiations, politicians are fighting over how to extract more money from the productive sector to finance bigger government. This is bad news for fiscal policy, particularly since the fallback option is to dive off the cliff with automatic tax increases. Cato senior fellow Dan Mitchell will provide an update on what’s happening in Washington and explain what should be done to block class-warfare tax policy and restrain the growing burden of government spending.
Should U.S. Fiscal Policy Address Slow Growth or the Debt? A Nondilemma
The United States has a simple path to a brighter economic future: slash expenditures and keep tax rates low.