Tax Reform for Both Capital and Labor

Main St. Agenda by from Opportunity Lives, September 26, 2014

Growth is the problem. Or more precisely, slow growth is the problem. It’s the reason so many public policy questions in the United States now seem impossible to resolve. And it is the reason about 65 percent of voters believe the country is on the wrong track, according to an averaging of recent public polls by RealClearPolitics.

The public is right to be concerned. The government announced today that GDP growth was 4.6 percent in the second quarter of this year. Normally, that would be a good number. But it comes on the heels of a 2.1 percent decline in GDP in the first quarter. The combined growth for the first half of the year was therefore just 1.25 percent.

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