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Governments should not limit their ability to address future economic and political changes and the need for investments.
Efforts to balance the budget or address shortfalls should remain the purview of the legislative branch. They should be fully negotiated by elected officials.
Policymakers should provide for transparency and honesty in the budget process.
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Budgetary Impact of Limiting Regulatory Authority">Budgetary Impact of Limiting Regulatory Authority
- Budgetary Impact of Limiting Regulatory Authority">Budgetary Impact of Limiting Regulatory Authority
Under the U.S. Constitution, people are entitled to compensation when a government takes their property. This is known as a taking.
Governments should avoid enacting laws that are inconsistent with U.S. Supreme Court precedent on takings.
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Economic Growth and Stimulus">Economic Growth and Stimulus
- Economic Growth and Stimulus">Economic Growth and Stimulus
Policymakers can take action to stimulate the economy.
A variety of criteria should be used when evaluating proposals to stimulate the economy:
Relief packages for people facing hardships due to economic downturns should be temporary and well-targeted.
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Income Tax Reform">Income Tax Reform
- Income Tax Reform">Income Tax Reform
How to improve the tax code is the subject of much debate. Proponents of reform often call for increasing fairness and simplicity. But people define those concepts in different ways.