Last Friday, Heritage launched the 2019 Index of Economic Freedom. Now in its 25th year of publication, the Index provides a snapshot of a country’s level of economic freedom according to key indicators, such as business freedom and government integrity. Based on their scores, countries are assigned a global rank. In 2019, the United States rose six places to 12th highest in the world, and its overall score is the highest recorded since 2011. This is due to market-friendly policies passed by Congress and adopted by President Trump – such as tax reform and deregulation – policies that you helped to make a reality through your support of Heritage!
We have a chance to improve the economic prospects of America even further by improving the new United States–Mexico–Canada Agreement (USMCA), which was signed by the leaders of all three countries in November. On Monday, Heritage released a highly anticipated analysis of the USMCA. While there is a lot to like about the new deal, there are also elements that should give conservatives pause, such as minimum wage requirements and liberal social policies on sexual orientation and gender identity.
Congress will have opportunities to make technical adjustments before the implementing legislation is introduced. Heritage’s Government Relations team is making sure those lawmakers and their staff know the findings and recommendations in our report.
Given that higher economic freedom improves people’s quality of life, why is socialism growing in popularity in America? What changes would you like Congress to consider as they finalize the trade agreement with Mexico and Canada?