Fiscal Policy Lessons from Europe


 

Publication Date: October 2006

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Daniel J. Mitchell

Research Area: Economics

Keywords: Budget; reform; Taxes

Type: Report

Coverage: United States Ireland

Abstract:

Living standards are much higher in America than in Europe, unemployment is far lower, and growth is much stronger; left unchecked, however, the growing burden of government threatens to turn America into an uncompetitive European-style welfare state. Ireland shows that reform is possible with dramatic tax rate reductions and a large reduction in the burden of government spending.