In January 2004, President Bush called upon Congress to enact comprehensive immigration reform that would secure our borders, meet our economic needs, and uphold our best traditions as an immigrant nation. In response, the House and Senate will soon begin the difficult task of reconciling two starkly different immigration bills. Commerce Secretary Carlos Gutierrez, a prominent member of the president’s economic team and an immigrant himself, has called on Congress to pass an immigration bill that not only protects our borders but also “recognizes the needs of a growing economy.” In a major address, the secretary will explain why reform must include a temporary worker program and a “hard-earned path to legalization” for undocumented workers already in the United States.
Featuring Dan Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Simon Lester, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Daniel Pearson, Senior Fellow, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; and Bill Watson, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute.
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In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
Latest CommentaryWhen I first became a reporter in 1945 for a Boston radio station, a veteran journalist commanded me: “Kid, when you’re on a good...
The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.