Chris Edwards

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...

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...

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...

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...

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....

IRS Budget Cuts and Tax Filing

CHRIS EDWARDS, CATO INSTITUTE For taxpayers needing IRS help, this year’s filing season could be a nightmare. The Washington Post today reports on the long...

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...

Regulations & Taxes—Democrats Then & Now

CHRIS EDWARDS, CATO INSTITUTE In recent decades, the Democratic Party has moved far to the left on economic policy. I have discussed the leftward shift...

Regulations & Taxes—Democrats Then & Now

CHRIS EDWARDS, CATO INSTITUTE In recent decades, the Democratic Party has moved far to the left on economic policy. I have discussed the leftward shift...

Obama’s Tax Plan is Not Simple

CHRIS EDWARDS, CATO INSTITUTE President Obama’s tax plan would create “A Simpler, Fairer Tax Code,” according to the official fact sheet. The president’s budget uses “simplify” numerous times...

Obama's Tax Plan is Not Simple

CHRIS EDWARDS, CATO INSTITUTE President Obama’s tax plan would create “A Simpler, Fairer Tax Code,” according to the official fact sheet. The president’s budget uses “simplify” numerous times...

Highways and the Federal Gas Tax

CHRIS EDWARDS, CATO INSTITUTE Another day, another news article supportive of raising the federal gas tax. This time it’s the Wall Street Journal. The article...

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...

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)...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

Privatizing the Transportation Security Administration

CHRIS EDWARDS, CATO INSTITUTE After the terrorist attacks in 2001, the federal government moved quickly to increase spending on aviation security and take control of...