The Crucial Distinction Between Being Pro-Business and Pro-Market

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National Review Online

The Crucial Distinction Between Being Pro-Business and Pro-Market

Veronique de Rugy | Apr 26, 2012

This excerpt originally appeared in National Review Online on April 26, 2012.

There is nothing wrong about lowering tax rates to promote economic growth or attract investments. However, it is wrong to dole out lower rates to specific and well-connected businesses or to target these lower rates based on size. Understanding the distinction is the difference between being pro-business and being pro-market.