Economist Deirdre McCloskey will soon release her new book entitled "Bourgeois Equality:  How Ideas…
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Image of the Day: A Powerful Tribute to Free Market Capitalism

Economist Deirdre McCloskey will soon release her new book entitled "Bourgeois Equality:  How Ideas, Not Capital or Institutions, Enriched the World." It it, she describes the unprecedented transformation  and improvement of human wellbeing through the power of economic freedom, as illustrated by this graph:

. [caption id="" align="aligncenter" width="568" caption="The Power of Free Markets"][/caption]

. As McCloskey summarizes, that's the result of the free market revolution:

. [I]n the two centuries after 1800, the trade-tested goods and services available to the average person in Sweden or Taiwan rose by a factor of 30 or 100.  Not 100 percent, understand - a mere doubling - but in its highest estimate a factor of 100, nearly 10,000 percent, and at least a factor of 30…[more]

August 18, 2017 • 01:52 pm

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Home Press Room Taxpayers Protection Alliance and Center for Individual Freedom Release Findings from Poll on Border Adjustment Tax
Taxpayers Protection Alliance and Center for Individual Freedom Release Findings from Poll on Border Adjustment Tax Print
Wednesday, March 29 2017

Survey results find support for spending cuts as a way to offset tax cuts in tax reform

WASHINGTON, D.C. – Today, the Taxpayers Protection Alliance (TPA) and the Center for Individual Freedom (CFIF) released findings from a new poll conducted to find out how the public viewed the Border Adjustment Tax (BAT), priorities for tax reform, and components of what may be included in upcoming legislation from Congress. 

Leaders of both organizations reacted to the findings:

“TPA has been sounding the alarm over the BAT for months, and it’s clear from this survey that taxpayers are just as concerned as we are. Tax reform is critical, and Congress needs to put forth a plan that works for everyone. There’s a better way on tax reform, and that’s by focusing on how to reduce the size of government and cut spending, not raising taxes somewhere else.” –David Williams, President, Taxpayers Protection Alliance

"The American people recognize the BAT for exactly what it is: a trillion dollar plus effective tax on gasoline, clothing and virtually all other essential products purchased by consumers on a daily basis. Tax reform is an absolute must, but a disruptive BAT threatens not only jobs, but tax reform's passage.  Congress should instead focus on measures that reduce spending and promote economic growth.” –Jeff Mazzella, President, Center for Individual Freedom

Here are some of the key findings:

  • Despite general support for exports and manufacturing, there is limited enthusiasm among consumers for paying more for goods to encourage those things.  

  • When asked how much they would be willing to pay each year to make American companies more economically competitive, the median response was just 10 dollars; 42 percent are unwilling to pay more than 5 dollars.

  • There’s clarity among respondents that the border adjustment will raise prices.

  • When asked, just 41 percent thought it was likely that the proposal will be good for consumers because businesses will pass along those savings to them.

  • Voters are concerned about the misdirected focus of tax reform.  More than 3 in 4 (62 percent in national topline, 65 percent among Republicans) said the focus should be on economic growth rather than offsetting tax changes with increases.

  • A clear majority of voters prefer tax cuts to be accompanied by reductions in federal spending rather than increases in other taxes.  Just 18 percent indicated they favored the current approach of offsetting tax increases; 72 percent (82 percent among Republicans) said they favored cuts in federal spending.

  • Trust in Congress is limited. Just 29 percent of voters said they trusted Congress to pass the legislation in a way that helps consumers; 63 percent said they did not trust Congress to do that.  Among Republicans, 67 percent trust President Trump more than Congress on tax reform; only 11 percent trust Congress more.

The poll was conducted with a nationwide sample of 1001 likely voters (margin of error, 3.1 percent) with an additional oversample of 200 likely Republican voters. 

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Taxpayers Protection Alliance (TPA) is a non-profit, non-partisan organization dedicated to educating the public through the research, analysis and dissemination of information on the government's effects on the economy. Through its network of taxpayers and citizen activists, TPA will hold politicians accountable for the effects of their policies and will offer real solutions to runaway deficits and debt.

The Center for Individual Freedom (CFIF) is a constitutional and free-market advocacy organization with more than 300,000 supporters and activists nationwide.

 

Question of the Week   
How many times between 1996 and 2016 did the U.S. Congress pass a full federal budget instead of relying on continuing resolutions or omnibus spending bills?
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Quote of the Day   
 
"We are in an age of melodrama, not tragedy, in which we who are living in a leisured and affluent age (in part due to the accumulated learning and moral wisdom gained and handed down by former generations of the poor and less aware) pass judgement on prior ages because they lacked our own enlightened and sophisticated views of humanity -- as if we lucky few were born fully ethically developed from…[more]
 
 
—Victor Davis Hanson, Hoover Institution Senior Fellow
— Victor Davis Hanson, Hoover Institution Senior Fellow
 
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