I am participating in a “fundamental tax reform” panel hosted by the Mercatus Center on Friday. The goal is to get beyond the tired old debates about extending or not extending taxes on this class or that class of Americans and start with first principles. I will be talking about entrepreneurs, and will probably mention my latest study showing that the startup job creation rate has collapsed during the last three years and actually fallen lower in 2011 than ever before. I’ll ask: Why did the IRS start cracking down on companies that hire American contractors in 2009? I might even mention that after 50 years of an LBJ-inspired War on Poverty, poverty is winning. Maybe the United States should design a tax code that doesn’t treat low-income Americans as dependent victims (and thus trapping them in poverty with effective tax rates above 100%), no?
Details of the Mercatus event:
Sept. 21, 2012 — 12:00-1:30 PM
Senate Dirksen, Room 562
And here’s the chart from my report: