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The Laffer Curve Bites Ireland in the Butt
Cigarette butt, to be more specific. All over the world, governments impose draconian taxes on tobacco, and then they wind up surprised that projected revenues don’t materialize. We’ve seen this… Read more
Lessons from Cyprus
It doesn’t create a lot of confidence in Europe that tiny little Cyprus, with a GDP less than Vermont, is now causing immense turmoil. Though to be more accurate, events… Read more
If Obama Wants More Tax Revenue, He Should Lower the Corporate Tax Rate
Regular readers know that I’m a big advocate of the Laffer Curve, which is the common-sense notion that higher tax rates will cause people to change their behavior in ways… Read more
The Ryan Budget: Is Returning to Clinton-Era Levels of Fiscal Restraint Really Asking too Much?
It can be very frustrating to work at the Cato Institute and fight for small government. Consider what’s happened the past couple of days. Congressman Paul Ryan introduces a budget… Read more
Senator Patty Murray Is Right…and Completely Wrong…about the 1990s
I wrote about the Ryan budget two days ago, praising it for complying with Mitchell’s Golden Rule and reforming Medicare and Medicaid. But I believe in being honest and nonpartisan,… Read more
More Entrepreneurs Say “Au Revoir” to the Administration Fiscale, Escape France’s Confiscatory Tax Regime
As a general rule, it’s not right to take pleasure at the misfortune of others. But I think we’re allowed an exception to that Schadenfreude rule when the “others” are… Read more
Everything You Need to Know about the Ryan Budget
Sigh. Even when they’re sort of doing the right thing, Republicans are incapable of using the right argument. Paul Ryan, Chairman of the House Budget Committee, has unveiled his proposed… Read more
Sequestration’s Impact on HUD: Just 358 More Days and Mission Accomplished
As part of my “Question of the Week” series, I had to decide which department of the federal government was most deserving of abolition. With a target-rich environment of waste,… Read more
My Heart Breaks and Tears Flow When I Read about Sequestration Being a Big Defeat for Lobbyists
I believe in the First Amendment, so I would never support legislation to restrict political speech or curtail the ability of people to petition the government. That being said, I… Read more
As Humorously Explained by Henry Payne, the World Amazingly Didn’t End When Uncle Sam Got Put on a Sequester Diet
When I last checked, Henry Payne was winning the bronze medal in the contest to identify the best political cartoonist. You can see why by checking out this cartoon about… Read more
