America is in the midst of an entrepreneurial economic transformation the likes of which we have not seen in over 100 years. Over half of the GDP comes from businesses under 200 employees, and for the past twenty years these small companies have created 70-80% of all new jobs every year.
We know that reduced regulation, low taxation with a simple system, and property rights are what spurs entrepreneurial economic growth. The evidence is in on this from study after study conducted in economies around the globe.
So what is the current leading edge thinking coming out of Washington?
On the tax front there is a push to modify the Alternative Minimum Tax and to modify the tax structure as it effects venture capitalists. That is it. No significant push to eliminate the current tax code and its 65,000 pages and over 600 active forms. After all, we don’t want to force the over 1.5 million tax preparers in this country to find honest work.
Also, there is more of a push to expand the march toward socialized entrepreneurship. A new group is being formed, made up of bureaucrats and those with a vested interest in expanding government’s role in the entrepreneurial economy, at an event called the National Summit on American Competitiveness. Their agenda is as follows:

America’s economic leadership in the 21st century is directly tied to the competitiveness of four key economic drivers: the role of the private sector; education and workforce issues; energy independence; and partnerships in innovation. The National Summit on American Competitiveness will convene the nation’s premier leaders of business, government, academia and the research community to address the core components and lessons of each of these drivers.

I hear no mention of free markets….. I guess they know best, don’t they…..