Let 50 Flowers Bloom; The Role of Government  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 406 no. 8827 (Mar. 2013), page SS15-SS16.
Topik: Business Government Relations; Regulation; Regulatory Reform; Location of Industry; Business Community; Government; Governors

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.76 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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When he took office as governor of Kansas in 2010, Sam Brownback wanted to free business from the burden of complying with an endless accumulation of rules. That is not the only thing Brownback is doing for business in Kansas. Last year he persuaded the legislature to eliminate all tax on reinvested income for small businesses and to cut personal income tax. This year he is proposing to abolish personal income tax altogether. The governors of Nebraska and Louisiana are more ambitious still: they want to get rid of all corporate as well as personal income taxes. Indeed, these days governors everywhere are boasting about their efforts to improve the business climate, whether by trimming red tape or cutting taxes or running state-funded incubators for start-ups. Brownback is not the only politician to have declared war on regulation yet found it hard to engage the enemy. Onerous regulation infuriates American businessmen. The important thing is that America's 50 states are consciously and vigorously competing to find the best formula for regulation and taxes and introducing sweeping reforms to that end. These changes will become systematic only if adopted or at least promoted at the federal rather than the state level.

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