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 you add state corporate taxes. Among developed nations, only Japan is in the same…
The overwhelming fiscal policy challenge for America is entitlement programs, as I explain in this set of videos. To protect America from becoming another Greece, we need personal retirement accounts for Social Security. We need vouchers for Medicare. And we need to…
Taxes and spending are two of the most obvious burdens imposed by government, and I’m glad that many people are fighting against a political class that seems to have a limitless appetite for a bigger public sector. But politicians also can do great damage to an…
I’ve written periodically about the perverse incentives of the unemployment insurance system. Simply stated, there will be fewer jobs if the government subsidizes joblessness, and I even showed that this is a consensus position by citing the academic writings of…
I fight to preserve tax competition, fiscal sovereignty, and financial privacy for the simple reason that politicians are less likely to impose destructive tax policy if they know that labor and capital can escape to jurisdictions with more responsible fiscal…
Demonstrating that he’s probably not a fan of Mitchell’s Golden Rule, Paul Krugman recently asserted that fiscal austerity has failed in the United Kingdom. Citing Keynesian theory and weak economics numbers, he warned about “the austerity doctrine that has dominated…
Even though there is a wealth of evidence for the Laffer Curve, statists and other big-government advocates routinely claim that incentives don’t matter. So I wonder how they’ll react to this new research showing that incentives have an impact on sexual choices. Here…
Early last year, CF&P released this video, narrated by yours truly, making the case that the United States and other nations should shift from a tax-and-transfer entitlement scheme to a system of personal retirement accounts. Some left wingers criticized the idea,…
While I’m obviously not a fan of big government, I have mixed feelings about why the public sector is so blindly wasteful. Is it because politicians and bureaucrats are well-intentioned morons who accidentally do damage (as illustrated by this cartoon), or is it that…
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 plan is enacted. But there are also some very unsightly warts in the revenue portion of the…