by Dan Mitchell | Apr 26, 2024 | Big Government, Blogs, Government Spending
The most important election of 2023 took place in Argentina, where that nation’s voters elected the libertarian candidate, Javier Milei, as their new president. I discussed the outlook for Milei’s agenda on a recent appearance of the Schilling Show....
by Dan Mitchell | Apr 24, 2024 | Blogs, Tax Harmonization, Taxation
When Joe Biden began his push for a global corporate tax cartel back in 2021, I explained why the idea was very bad news for the world’s workers, consumers, and shareholders. And I pointed out it was specifically bad news for...
by Dan Mitchell | Apr 23, 2024 | Big Government, Blogs, Government Spending, Taxation
There’s going to be a big tax fight in Washington next year, regardless of who wins the House, the Senate, and/or the presidency. That’s because major portions of Trump’s 2017 Tax Cuts and Jobs Act will expire on December 31, 2025. Will those tax cuts be...
by Dan Mitchell | Apr 22, 2024 | Blogs, Taxation
When asked about tax loopholes, my first reaction is to determine whether something is an actual tax preference or merely a mitigation of a tax penalty. And that means understanding the “tax base.” For instance, IRAs and 401(k)s are not loopholes. They are a way...
by Dan Mitchell | Apr 21, 2024 | Big Government, Blogs, Government Spending
There was a lot of wasteful spending during the pandemic. That was bad news, but what’s far more worrisome is that politicians used the pandemic as an excuse to permanently increase the spending trendline. Here’s a chart based on CBO’s historical...
