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CF&P Foundation Press Release

Center for Freedom and Prosperity Foundation

For Immediate Release
Thursday, December 6, 2007
202-285-0244
www.freedomandprosperity.org

CF&P Foundation Releases Tax Competition Video,
Educational Video on YouTube
Video Receives Praise for Content and Understandability

 (Washington, DC, Thursday, December 6, 2007) – In its latest mini-documentary on key economic issues, The Center for Freedom and Prosperity Foundation released a video today on tax competition. The video, entitled "Tax Competition: A Liberalizing Force in the World Economy," is narrated by Cato Institute Senior Fellow Dan Mitchell. The CF&P Foundation film explains how international tax competition has led to better tax policy and better economic performance, but also warns that international bureaucracies are trying to rig the system against taxpayers by creating "an OPEC for politicians."

Link: Tax Competition: A Liberalizing Force in the World Economy:
http://www.freedomandprosperity.org/videos/taxcomp/taxcomp.shtml

Direct YouTube Link:
http://www.youtube.com/watch?v=nJWLemN29Wc

This is a second in a series of educational videos designed for the "YouTube" audience and viral marketing, as part of a project to provide compelling free-market messages for a wider audience. The first CF&P Foundation video was on the need to cut the U.S.'s corporate tax rate (link below).

Link to Previous Corporate Tax Video
http://www.freedomandprosperity.org/videos/corporatetax/corporatetax.shtml

Direct YouTube Link:
http://www.youtube.com/watch?v=QSB_-g-GQCA

"Our educational series videos are designed to quickly inform the viewer about important issues," said Andrew Quinlan president of the CF&P Foundation.  "We are very pleased with the feedback and we hope our future videos on the Laffer Curve and the global flat tax revolution are even more successful."

Comments from viewers:

    Robin D.: "I thought it was a very informative and easy to understand video."

    Paul V.: "Congratulations for explaining the question in a way which both alarms people of the importance of the matter and which is understandable for a wide audience!"

    Nick L.: "I have reviewed your video, and not surprisingly thoroughly enjoyed it. I thought it was very well done."

    Glenn H.: Super!

    Kristian N.: "I think this video is excellent!"

    Roger M.: "I absolutely love it!"

    Sven L.: "I like this format. The message is clean and clear. The visual effects are well tuned with the lecture."

Link to ALL videos on CF&P Foundation's Web Page:
http://www.freedomandprosperity.org/videos/videos.shtml

Excerpts from the Tax Competition Video:

… tax competition is a liberalizing force in the world economy... politicians from high-tax nations like France should not be allowed to undermine competition in order to prop up their inefficient welfare states.

…Tax competition exists when politicians feel pressure to lower tax rates because they are concerned that jobs and investment may cross borders – a process that has become much easier in recent decades because of globalization.

The economic analysis of this process is very straightforward. Monopolies are bad, competition is good…

… Not surprisingly, politicians from high-tax nations don't like tax competition. They resent being forced to lower tax rates.

Working through the Organization for Economic Cooperation and Development, an international bureaucracy based in Paris, they want to hinder the flow of jobs and investment from high-tax nations to low-tax nations. Indeed, the OECD has a "harmful tax competition" project. It even put together a blacklist of low-tax jurisdictions and threatened them with financial protectionism if they didn't help high-tax nations enforce their bad tax laws…

… But the real outrage is that American tax dollars are subsidizing the OECD's anti-tax competition scheme.

The United States pays one-fourth of the budget for the Paris-based bureaucracy. We even pay the biggest share for the OECD's wine cellar.

… Please help the Center for Freedom and Prosperity defend tax competition by circulating this video to your friends and colleagues. We need to educate American politicians about this threat so they stop subsidizing international bureaucracies like the OECD that pursue anti-American policies. As Thomas Jefferson said, "Eternal vigilance is the price of liberty."

Link: Tax Competition: A Liberalizing Force in the World Economy:
http://www.youtube.com/watch?v=nJWLemN29Wc

For additional comments:
Andrew Quinlan can be reached at 202-285-0244, quinlan@freedomandprosperity.org
Dan Mitchell can be reached at 202-218-4615,
dmitchell@cato.org

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