Slovakian Import

The WSJ Ed page wonders abot a Solvakian import...

President Bush got the warmest European welcome of the week yesterday in Slovakia, where he returned the compliment by hailing its tax reform. "I complimented the Prime Minister on putting policies in place that have helped this economy grow," Mr. Bush said about Mikulas Dzurinda. "The most important responsibility we have at home is to make sure our people can find work. And the President put a flat tax [at 19%] in place; he simplified his tax code, which has helped to attract capital and create economic vitality and growth."

The result has been an economic boom, with growth last year of 4.9%, a plunging jobless rate and a Laffer Curve effect of rising tax revenues. Oh, and by the way, Slovakia has also introduced pension reform that includes private accounts of the kind Mr. Bush is proposing in the U.S. Is there any way we can trade Congress for the Slovakian parliament?

Economics and Markets Posted by jk at February 25, 2005 4:16 PM