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The Penny Plan Is a Spending-Cap Formula to Make the Trump Tax Cuts Feasible

by Dan Mitchell | Aug 11, 2016 | Big Government, Blogs, Economics, Government Spending, Taxation

I don’t like election years because the policy debate tends to revolve around the various proposals put forth by candidates. And since those ideas generally don’t make much sense, it’s a frustrating period. But the silver lining to that dark cloud is that it does...

The “Penny Plan” to Trim Government Spending and Reduce the Burden of the Public Sector

by Dan Mitchell | Apr 26, 2012 | Big Government, Blogs, Government Spending

Even though I favor radical reductions in the burden of government, I’ve made the point that good fiscal policy merely requires that government spending grow slower than the private sector – what I call Mitchell’s Golden Rule. And if lawmakers simply cap the growth of...
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