State & Local Fiscal Reforms

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.