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Party Over Prosperity: What Tax Extenders Say About the 113th US Congress

What does every congressman want, besides being re-elected? They want to be seen as job creators. We know economic growth creates jobs (and helps reduce our national debt), so to that end, both parties have traditionally supported pro-growth tax incentives for a wide variety of businesses and industries. And while congress has become more polarized and ideological in recent years, last week’s passage of the tax extenders bill represents a real departure from its traditional bipartisan and pragmatic approach to job creation. How else would you explain a measly two-week extension of the Production Tax Credit (PTC) for wind?

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Busting the Myth of “Job-Killing EPA Regulations”

Earlier this month, when EPA proposed a new health-protective air quality standard for the pollutants that form “ozone,” some critics predictably pounced on it as another example of a long string of “job-killing EPA regulations.” Yet last week, we learned that the U.S. economy created about 320,000 new jobs in November, and average wages are starting to rise as the labor market tightens.

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