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White Elephant Watch: Vol. 7

The Portsmouth Bypass represents a broken and deeply cost-ineffective theory of economic development that assumes reducing vehicle travel time—rather than investing in people and places facing economic distress—will unlock economic development.



Business Tax Principles for Economic Recovery in the Time of Coronavirus

Assisting business liquidity is a crucial part of the policy response to today’s economic crisis. While some business tax measures can be helpful, policymakers must ensure that such measures are well-targeted, temporary, and effective, setting the stage for strengthening the corporate tax in the years ahead.