by Dan Mitchell | Jun 29, 2019 | Blogs, Economics, Flat Tax, States, Taxation
Regarding fundamental tax reform, there have been some interesting developments at the state level in recent years. Utah, North Carolina, and Kentucky have all junked their so-called progressive systems and joined the flat tax club. That’s the good news. The bad news...
by Dan Mitchell | Jun 28, 2019 | Uncategorized
There’s general agreement among public finance experts that personal income taxes and corporate income taxes, on a per-dollar-collected basis, do the most economic damage. And I suspect there’s a lot of agreement that this is because these levies often have high...
by Dan Mitchell | Jun 27, 2019 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office just released its new long-run fiscal forecast. Most observers immediately looked at the estimates for deficits and debt. Those numbers are important, especially since America has an aging population, but they should be viewed as...
by Dan Mitchell | Jun 26, 2019 | Big Government, Blogs, Taxation
I wrote five years ago about the growing threat of a wealth tax. Some friends at the time told me I was being paranoid. The crowd in Washington, they assured me, would never be foolish enough to impose such a levy, especially when other nations such as Sweden have...
by Dan Mitchell | Jun 25, 2019 | Blogs, Europe, Taxation
I’ve argued for many years that a Clean Brexit is the right step for the United Kingdom for the simple reason that the European Union is a slowly sinking ship. Part of the problem is demographics. Europe’s welfare states are already very expensive and the relative...
