by Dan Mitchell | Mar 11, 2017 | Blogs, Economics, Taxation
What’s the right way to define good tax policy? There are several possible answers to that question, including the all-important observation that the goal should be to only collect the amount of revenue needed to finance the legitimate functions of government, and not...
by Dan Mitchell | Mar 10, 2017 | Blogs, Taxation
The centerpiece of President Trump’s tax plan is a 15 percent corporate tax rate. Republicans in Congress aren’t quite as aggressive. The House GOP plan envisions a 20 percent corporate tax rate, while Senate Republicans have yet to coalesce around a specific plan....
by Dan Mitchell | Mar 9, 2017 | Blogs, Education, Government Spending, Government Waste
The story of the private sector is that competition generates ever-more output in ways that bring ever-higher living standards to ever-greater numbers of people. By contrast, the story of the government is inefficiency and waste as interest groups figure out how to...
by Dan Mitchell | Mar 8, 2017 | Big Government, Blogs, Taxation
Once of the reasons that tax increases in Washington are such a bad idea (and one of the reasons why a value-added tax is an especially bad idea) is that the prospect of additional tax revenue kills any possibility of genuine entitlement reform. Simply stated,...
by Dan Mitchell | Mar 7, 2017 | Big Government, Blogs, Economics
While President Trump apparently intends to waste taxpayer money for more childcare subsidies and presumably is going to duck the critical issue of entitlement reform, there is some good news for advocates of limited government and fiscal responsibility....
