Chris Edwards of the Cato Institute recently presented a paper to the Federal Reserve of St. Louis on state and local government fiscal reforms. Edward's four main themes were:

• Eliminate state corporate profits taxes
• Privatization, including privatizing airports, railroads, energy utilities, highways, and other assets
• Reforming pay and benefits of government workers, including public pension reform and bringing public sector pay in line with private sector pay
• Ending public-sector unionism - outlawing collective bargaining and forced union dues in the public sector - as well as barring public sector strikes

Get the full paper here.

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