Friday, May 07, 2004

Big Government hurts jobs

The Foundation for Economic Education looks at the findings of a study by the National Association of Manufacturers (warning PDF file) and finds that:

1) “The U.S. corporate tax burden reduces cost competitiveness by 5.6 percentage points”;

2) “U.S. employee benefit costs are higher than most of its major competitors”;

3) “The regulatory compliance burden on U.S. manufacturers is the equivalent of a 12 percent excise tax”;

4) “Pollution abatement alone reduces U.S. cost competitiveness by at least 3.5 percentage points.”

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