by Dan Mitchell | Dec 2, 2019 | Blogs, Economics, Taxation
Whenever I review a tax proposal, I automatically check whether it is consistent with the “Holy Trinity” of good policy. Low marginal tax rates on productive activity such as work and entrepreneurship. No tax bias (i.e., extra layers of tax) penalizing saving and...
by Dan Mitchell | Sep 15, 2014 | Blogs, Economics, Tax Competition, Taxation
I’ve complained over and over again that America’s tax code is a nightmare that undermines competitiveness and retards growth. Our aggregate fiscal burden may not be as high as it is for many of our foreign competitors, but high tax rates and poor design mean the...
by Dan Mitchell | Feb 18, 2014 | Blogs, Economics, Taxation
The tax code is a complicated nightmare, particularly for businesses. Some people may think this is because of multiple tax rates, which definitely is an issue for all the non-corporate businesses that file “Schedule C” forms using the personal income tax. A...
by Dan Mitchell | Apr 16, 2013 | Blogs, Taxation
I’m very leery of corporate tax reform, largely because I don’t think there are enough genuine loopholes on the business side of the tax code to finance a meaningful reduction in the corporate tax rate. That leads me to worry that politicians might try to “pay for”...
by Dan Mitchell | Feb 24, 2013 | Blogs, Taxation
I’m not a fan of loopholes in the tax code. I’ve complained about the number of pages in the tax code, the number of provisions in the tax code, and I’ve even groused about the rising number of pages in the instruction manual for the 1040 tax form. And I’ve...
