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    Most Small Businesses Burdened by Costly Tax Preparation Process Support Tax Reform

    Small businesses are increasingly burdened with tax preparation costs, with a majority spending over a week per year on federal tax preparation and thousands of dollars on external accounting firms, according to the National Small Business Association’s (NSBA) 2014 Taxation Survey released last week. According to the report, “the current … More

    Regulation D Rule Would Harm Entrepreneurs and Economic Growth

    The Securities and Exchange Commission (SEC) has proposed a rule that would impede capital formation, job creation, innovation, productivity improvement, and economic growth by making Regulation D—the primary means by which new companies and young growing companies raise equity capital—markedly more complex and expensive. Economic research has increasingly demonstrated that … More

    Why Japan Should Reengineer Innovation

    The Japanese are good at innovation. It was their reengineering techniques that propelled them to a top world competitor in the 1980s. But since stagnation began 20 years ago, Japan’s skill of innovating is still only good. It needs to be great. Most economies can be categorized by four characteristics: … More

    The Arab Spring: The Need for Private Property Rights

    There is more the President could do during his Middle East trip to improve the stability in the region: He should promote economic freedom. The Middle East and North Africa are two regions where countries lack the institutions to protect private property rights. In his recent Wall Street Journal op-ed, … More

    Chile's Strong Economy: A Case of Positive Policy and Freedom

    Chile continues to lead Latin America in 2013 in both economic growth and economic freedom. These positive outcomes reflect well on the solid policy choices being implemented by the Chilean government of President Sebastián Piñera. Making it onto the 2013 Index of Economic Freedom’s list of top 10 freest countries … More

    Morning Bell: Top 3 Small Business Struggles

    Small businesses are getting a lot of focus from politicians, because they are a key engine of job creation—which has stalled in the U.S. economy. A Republican National Convention theme of “We Built It” continued the political debate over the economy yesterday. A survey by the National Federation of Independent … More

    You Can Build That—with the Help of the Market

    President Obama’s “You didn’t build that” comment has drawn much attention. The reactions from both the President’s defenders and his critics illustrate a profound misunderstanding about how the market actually allows us to cooperate. As Milton Friedman, echoing Foundation for Economic Freedom founder Leonard Reed, pointed out: “not a single … More

    Protectionism Shuts Down "Nathan's" Hot Dogs

    In recent years, this country has been plagued with an epidemic of over-achieving teenage entrepreneurs who refuse to waste their youth sitting in their parents’ basements playing video games. These youths are entering the marketplace in droves to peddle hot dogs and lemonade without any thought to what that kind … More

    Morning Bell: Obama Tells Entrepreneurs "You Didn't Build" Your Business

    That sound you hear is silence—as millions of small business owners and entrepreneurs were left speechless this weekend from President Obama’s latest insult. The slap in the face to hard-working Americans conveyed Obama’s belief that it takes a village—a heavily subsidized village—to create that venture you’re profiting from: Somebody helped … More

    Celebrating Steve Jobs' Failures?

    Listen to your music on an iPod? Read news on an iPad? Cherish your beautifully minimalist iMac? Then you’ve benefited from the genius of Apple Inc.’s Steve Jobs. With the news this week of his decision to step down as CEO of the company, many have lauded his incredible successes … More