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Chris Edwards

Infrastructure: Privatization and Innovation

CHRIS EDWARDS, CATO INSTITUTE Tomorrow at CPAC, I will discuss some advantages of infrastructure privatization. Perhaps the largest advantage is innovation. Unlike government bureaucracies, private...

The Need to Balance the Budget and Reduce Federal Debt

CHRIS EDWARDS, CATO INSTITUTE Committee on the Budget United States House of Representatives Mr. Chairman and members of the committee, thank you for inviting me to testify....

Tax Army Larger than U.S. Army

CHRIS EDWARDS, CATO INSTITUTE The Office of Management and Budget has released new data on the amount of time Americans spend complying with the federal...

Air Traffic Control: Bureaucracy and Unions

CHRIS EDWARDS, CATO INSTITUTE For more than a century, America has been the global leader of the aviation industry. But these days, the government-run parts...

Edwards’ Law of Cost Doubling

CHRIS EDWARDS, CATO INSTITUTE Large government projects often double in cost between when they are first considered and when they are finally completed. This pattern—call...

White House Helicopter Fleet

CHRIS EDWARDS, CATO INSTITUTE Did you know that the White House has a fleet of 19 helicopters? The Washington Post today discusses efforts to replace...

Why Ending FEMA Will Improve Disaster Response

CHRIS EDWARDS, CATO INSTITUTE Under the U.S. Constitution, the powers delegated to the federal government are “few and defined,” as James Madison noted in Federalist...

The School Computer Mania

CHRIS EDWARDS, CATO INSTITUTE The Washington Post reports that President Obama is cheerleading for more spending on high-speed Internet, tablet computers, and Wi-Fi in the...

Government Infrastructure Is Inefficient Everywhere

CHRIS EDWARDS, CATO INSTITUTE An op-ed in the Wall Street Journal today indicates that Edwards’ Law of Cost Overruns is an international standard. If a...

Governor Brownback’s Tax Cuts

CHRIS EDWARDS, CATO INSTITUTE Kansas Gov. Sam Brownback (R) has become a punching bag for liberal pundits. They particularly dislike his tax reforms, which they say...

Accuracy of Macroeconomic Forecasts

CHRIS EDWARDS, CATO INSTITUTE One of my first professional jobs 25 years ago was with the economic forecasting firm DRI/McGraw-Hill. It was fun work, but...

TFSAs Spur Canada Savings Revolution

CHRIS EDWARDS, CATO INSTITUTE A tax reform is spurring a savings revolution in Canada. Amity Shlaes and I wrote about Canada’s Tax-Free Savings Accounts (TFSAs)...

Talking Taxes with Rep. Ralph Hall

CHRIS EDWARDS, CATO INSTITUTE Rep. Ralph Hall is in the news for losing to a primary challenger in his Texas district. I first met 91-year-old...

Bureaucracy, Boondoggles, and Bad Behavior

CHRIS EDWARDS, CATO INSTITUTE In catching up on news about the federal government today, I noticed that articles fit into three categories: bureaucracy, boondoggles, and...

Cut Spending Because Government Hurting Nation

CHRIS EDWARDS, CATO INSTITUTE I have posted an updated plan to cut spending by one fifth and balance the federal budget. These cuts are not...

WaPo’s Bridge Story Is Structurally Deficient

CHRIS EDWARDS, CATO INSTITUTE Oh dear, yet another scare story about falling-down bridges. A Washington Post headline today in the hardcopy is “63,000 Bridges Structurally...

VA Scandal: Crisis of Big Government

CHRIS EDWARDS, CATO INSTITUTE Peggy Noonan’s op-ed on the weekend was titled “The VA Scandal Is a Crisis of Leadership.” Noonan discusses how President Obama...

More Infrastructure? Cut Business Taxes

CHRIS EDWARDS, CATO INSTITUTE Infrastructure is in the news as policymakers face a deadline to pass a new highway bill. President Obama visited the Tappan...

Taxes, Tennis, and Transportation

CHRIS EDWARDS, CATO INSTITUTE We have an uncompetitive federal corporate tax rate of 35 percent compared to Canada’s 15 percent. Our Roth IRA is inferior...

Hurricanes and USAs

CHRIS EDWARDS, CATO INSTITUTE Congress may loosen 401(k) rules to allow Harvey and Irma victims to access their retirement savings without the usual 10 percent...

GOP Tax Plan: Middle Class Gets Largest Cuts

CHRIS EDWARDS, CATO INSTITUTE Critics are saying that the Republican tax plan would give high earners the largest cuts. There has been a flood of news...

New Estimates of Corporate Tax Rates

CHRIS EDWARDS, CATO INSTITUTE Corporate tax reduction is at the center of the tax reform debate in 2017. While the United States has the highest...

Federal Pay Outpaced Private Pay in 2016

CHRIS EDWARDS, CATO INSTITUTE The Bureau of Economic Analysis (BEA) has released data on worker compensation for 2016. The data show that wages and benefits...

Trump Spending Cut Ideas

CHRIS EDWARDS, CATO INSTITUTE President-elect Donald Trump said on the campaign trail that he will balance the federal budget and cut wasteful spending. Here are...

Corporate Welfare Absurdity

CHRIS EDWARDS, CATO INSTITUTE This small news bite from the Washington Post yesterday caught my eye: Moving costs: Booz Allen Hamilton, the McLean, Va., consulting and government contracting giant,...

Earmark Supporters Should Run for Public Office

CHRIS EDWARDS, CATO INSTITUTE If you are interested in national issues such as defense, foreign policy, and trade, and want to hold public office, you...

Corporate Tax Cuts: Canada’s Experience

CHRIS EDWARDS, CATO INSTITUTE President Donald Trump and congressional Republicans are proposing to cut the corporate tax rate. With any tax cut, members of Congress...

Time to Repeal Ethanol Subsidies

CHRIS EDWARDS, CATO INSTITUTE The federal government provides an array of subsidies to increase the consumption of biofuels such as corn ethanol. The subsidies include...

Corporate Tax Rate: 20 Percent Is Better

CHRIS EDWARDS, CATO INSTITUTE The House and Senate have passed bills cutting the federal corporate tax rate from 35 to 20 percent. This overdue reform...

Advantages to Trump’s Proposed Privatizing of PMAs – Cato Study

CHRIS EDWARDS, CATO INSTITUTE The Trump administration proposed privatizing the Power Marketing Administrations (PMAs) in its budget last year.  Cato has released a study discussing the PMAs...