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A Lower Corporate Rate Is a Practical And Good Response to Inversions

A Lower Corporate Rate Is a Practical And Good Response to Inversions

It boggles the mind to think that the United States now has the highest corporate tax rate in the industrialized world. But it’s even more amazing that America arguably has the most punitive… Read more »

Lower Tax Rates vs. Targeted Tax Credits, Part II

Lower Tax Rates vs. Targeted Tax Credits, Part II

I wrote a column for the Wall Street Journal last week about the policy debate over whether it’s better to lower tax rates or to provide targeted tax cuts for parents. Since this meant… Read more »

Lower Tax Rates > Targeted Tax Credits

Lower Tax Rates > Targeted Tax Credits

Some folks on the right in Washington, generally known as reformicons (short for reform conservatives), want the Republican Party to de-emphasize marginal tax rate reductions and instead focus on providing… Read more »

Another Victory for the Laffer Curve, this Time over the Lifestyle Puritans

Another Victory for the Laffer Curve, this Time over the Lifestyle Puritans

What do cigarettes and capital gains have in common? Well, they both start with the same letter, so maybe the Cookie Monster could incorporate them into his favorite song, but I’m… Read more »

Secular Stagnation Is the Unwelcome and Predictable Consequence of Bad Policy and Big Government

Secular Stagnation Is the Unwelcome and Predictable Consequence of Bad Policy and Big Government

I shared a chart back in February that shows how long it takes to double GDP based on different growth rates. For instance, if the economy grows only 1 percent per year,… Read more »

A Fair Critique of the Fair Tax

A Fair Critique of the Fair Tax

I’m a long-time proponent of the flat tax for three simple reasons. 1. It replaces the discriminatory “progressive” tax with a single tax rate at the lowest possible level, thus reducing the tax penalty on… Read more »

The No-Comparison Comparison of Reagan v Obama

The No-Comparison Comparison of Reagan v Obama

Have you ever wondered why, in a hypothetical match-up, the American people would elect Ronald Reagan over Barack Obama in a landslide? And have you ever wondered why Americans rate Reagan as the… Read more »

We Get Bad Analysis when Statists Write Economic History

We Get Bad Analysis when Statists Write Economic History

When major changes occur, especially if they’re bad, people generally will try to understand what happened so they can avoid similar bad events in the future. This is why, when… Read more »

Policy Makers Should Make the Tax System Better rather than Banning Corporate Inversions

Policy Makers Should Make the Tax System Better rather than Banning Corporate Inversions

One of the worst things about working in Washington is that it’s so easy to get frustrated about the fact-free nature of political debates. For instance, there’s now a big controversy about… Read more »

Krugman’s “Gotcha” Moment Leaves Something to Be Desired

Krugman’s “Gotcha” Moment Leaves Something to Be Desired

I’ve had some fun over the years by pointing out that Paul Krugman has butchered numbers when writing about fiscal policy in nations such as France, Estonia, Germany, and the United Kingdom. So I… Read more »