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    Chrysler Bankruptcy Still Affecting Economy

    This month marks the fifth anniversary of the Chrysler bankruptcy. President Obama will doubtless mark the occasion by talking about how his intervention saved the auto company. More noteworthy, however, is how the lawlessness of that intervention created tremendous uncertainty, which still chills the economy today. Todd Zywicki has written … More

    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

    JOBS Act: Crowdfunding Moves Forward

    The Jumpstart Our Business Startups (JOBS) Act, passed in April 2012 with huge bipartisan majorities, was designed to substantially reduce the regulatory burden on entrepreneurs seeking to raise capital to start and grow their businesses. But now some in Washington are trying to reverse its momentum. Title III of the … More

    What’s Another $45 Million at the Energy Department?

    The Department of Energy (DOE) announced it is spending $45 million of taxpayer money for 38 different projects for advanced transportation technologies. But private companies should be making these investments on their own to provide the best products available for consumers. The 38 projects funded by DOE are going to … More

    A Band-Aid for Derivatives Trading

    American regulators yesterday agreed, both internally and with the European Union, on how to deal with the trading of financial derivatives beyond U.S. shores. The EU and U.S. essentially decided to treat each other’s rules as “close enough.” While the decision has some value, it continues to miss the point. … More

    An Investment Treaty with China: Don’t Hold Your Breath

    The U.S. and China yesterday announced that they are restarting talks on a bilateral investment treaty (BIT). Given China’s track record, it’s not clear that a BIT is a useful step now or in the near future. It may be a good thing, then, that one is not likely to … More

    Green Energy Companies Fisker and SoloPower Struggle Despite Government-Backed Loans

    One foot on a banana peel, the other in the grave. That’s where Fisker Automotive and SoloPower find themselves, struggling for survival despite generous government handouts in the form of loan guarantees and tax breaks. Should either company take a turn for the worse, a tombstone in Heritage’s “Green Graveyard” … More

    Trade Agreements Can Advance Economic Freedom

    The United States is currently engaged in Trans-Pacific Partnership (TPP) trade negotiations designed to reduce barriers to international trade and investment. The latest text from these negotiations shows how trade agreements, if properly designed and implemented, help advance economic freedom around the world. Among other things, the draft text calls … More

    $1.2 Billion in Cash Goes to Energy Projects, Despite Sequestration

    Despite a fiscal cliff and sequestration worries, more than $1.2 billion in cash payments for energy projects (in lieu of tax credits) have been issued by the Department of Treasury and Department of Energy since January 1, according to documents from the U.S. Treasury. Through February 14, $1,254,769,726 was distributed … More

    Good News! Obama’s Sequester Cuts USDOC Programs!

    As if we didn’t have enough to worry about, earlier this month an official from the U.S. Department of Commerce (USDOC) warned that many activities at USDOC—such as the activities of the USDOC’s International Trade Administration (ITA) and the U.S. Foreign Commercial Service—will have to be scaled back due to … More