Tag Archives: Obama
If Even the International Monetary Fund Acknowledges the Laffer Curve, Why Doesn’t Obama Realize that Higher Tax Rates are All Pain and No Gain?
I speculated last year that the political elite finally might be realizing that higher tax rates are not the solution to Greece’s fiscal situation. Simply stated, you can only squeeze… Read more
American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when… Read more
How Can Obama Look at these Two Charts and Conclude that America Should Have Higher Double Taxation of Dividends and Capital Gains?
As discussed yesterday, the most important number in Obama’s budget is that the burden of government spending will be at least $2 trillion higher in 10 years if the President’s… Read more
President Obama’s budget proposal was unveiled today, generating all sorts of conflicting statements from both parties. Some of the assertions wrongly focus on red ink rather than the size of… Read more
People often ask why I put so much political humor on this site. The easy answer is that I like a good joke. But I also find that some cartoons… Read more
On this day last year, I posted two charts that I developed using the Minneapolis Federal Reserve Bank’s interactive website. Those two charts showed that the current recovery was very… Read more
New Academic Study Confirms Previous IMF Analysis, Shows that Lower Tax Rates Are the Best Way to Reduce Tax Evasion
Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent. Simply stated, people respond to incentives. When… Read more
Since Obama’s Class-Warfare Tax Policy Is Failing in Illinois, Why Does He Think It Will Work for the Entire Country?
President Obama’s two biggest “achievements” since taking office are the so-called stimulus and government-run healthcare. But neither one of those policies are popular, so the President largely ignored them during… Read more