Featuring Dan Mitchell, Senior Fellow, Cato Institute; David Burton, Senior Fellow in Economic Policy, Heritage Foundation; and Jason Fichtner, Senior Research Fellow, Mercatus Center; moderated by Peter Russo, Director, Congressional Affairs, Cato Institute.
For libertarians, the basic unit of social analysis is the individual. Individuals are, in all cases, the source and foundation of creativity, activity, and society. In the new issue of Cato Policy Report, Cato scholar David Boaz, author of The Libertarian Mind: A Manifesto for Freedom, explains the roles and rights of individuals in a free society, and cautions against a vision of a world in which individuals have no way to cooperate with others except through the state.
Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.
Featuring: Rep. Phil English (R-PA), Ranking Member, Select Revenue Measures Subcommittee, Co-Chairman, Zero AMT Caucus; Chris Edwards, Cato Institute; and moderated by Daniel Mitchell, Cato Institute.
The alternative minimum tax (AMT) is a complex income tax imposed on top of the regular income tax. Without action by Congress, 23 million taxpayers will pay the AMT in 2007 and be hit with an average burden of more than $3,000. Some policymakers have proposed partial AMT relief, and the Bush administration supports replacing $1 trillion of future AMT revenues with other taxes.
By contrast, Rep. Phil English supports repeal of the individual and corporate AMTs without revenue offsets. Now is a good time for repeal given the flood of federal revenues from strong economic growth. English will discuss the prospects for reform and the shortcomings of proposals that fall short of full repeal. Chris Edwards and Dan Mitchell will discuss the workings of the AMT and how the tax fits into the broader budget picture this year and coming years.