Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity

Part III. Getting the “Big Three” Right: Tax, Trade, and Energy Policy

Why is American tax policy moving us in exactly the opposite direction of long-term economic prosperity? How important is trade reform in creating new jobs and laying the foundation for a sustainable economic recovery? Just how necessary is it to reduce America’s high oil import dependence—and just how can that be done without harming American competitiveness? We answer these questions in the next three chapters as we examine three of the most important policy areas for the American economy.

The tax policy analysis in Chapter 5, “Why Raising Taxes Lowers America’s Growth Rate,” explains how raising taxes, particularly on business investment and capital income, is the best ...