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Spending Season Is Back: How Congress Is Planning to Dish Out Your Tax Dollars in 2015
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WashingtonUnited-statesAmericansJames-madisonPatrick-louis-knudsenCongress can pass legislation this year that would make a significant difference in the lives of Americans. Despite the perception of partisan gridlock, broad support exists for many important domestic economic policy reforms. These policies are ambitious but achievable, and, if adopted, would promote economic growth, empower individuals, and reduce government waste.
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This latest IMF report is decidedly hostile to free enterprise. It promotes a heavy-handed, top-down approach to financial regulations, explicit taxpayer backing of financial sectors, and other expansions of the welfare state and big government from recommending an increase in the U.S. minimum wage and adoption of “more proactive labor market policies” to a broad endorsement of Obamacare, a call for carbon taxes, and a recommended increase in the maximum taxable earnings for Social Security purposes. Heritage Foundation policy experts explain the dangers of the IMF approach, and make recommendations for the U.S. to take a different course.
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