The Center for Freedom & Prosperity has joined a coalition of state and national organizations in calling on Washington to pass a permanent extension of the Internet Tax Moratorium. Signed by over 40 organization’s, the coalition letter urges Congress to…
Daily Analysis
The Punitive Economic Cost of Class-Warfare Taxation
I’ve already shared a bunch of data and evidence on the importance of low tax rates. A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth. An economist from Cornell found lower tax…
Laughing about Corporate Inversions
There’s lot of criticism of the IRS and the tax code on the Internet. Indeed, I like to think I contribute my fair share. But I’m surprised at (what I consider to be be) the limited amount of humor on those topics. As I look through my archives, I can find only a few…
A Lower Corporate Rate Is a Practical And Good Response to Inversions
It boggles the mind to think that the United States now has the highest corporate tax rate in the industrialized world. But it’s even more amazing that America arguably has the most punitive corporate tax rate in the entire world. Here’s some of what I wrote on the…
Lower Tax Rates vs. Targeted Tax Credits, Part II
I wrote a column for the Wall Street Journal last week about the policy debate over whether it’s better to lower tax rates or to provide targeted tax cuts for parents. Since this meant I was wading into a fight between so-called reform conservatives (or “reformicons”)…
Inversion Controversy Is about Whether Company Profits Should Flow to Shareholders or Government
Since I’ve been in Washington for nearly three decades, I’m used to foolish demagoguery. But the left’s reaction to corporate inversions takes political rhetoric to a new level of dishonesty. Every study that looks at business taxation reaches the same conclusion,…
It Doesn’t Seem Possible, but France Is Going from Bad to Worse
Remember when Paul Krugman warned that there was a plot against France? He asserted that critics wanted to undermine the great success of France’s social model. I agreed with Krugman, at least in the limited sense that there is a plot against France. But I explained…
Australia’s Worrisome Fiscal Drift
I’m in Australia for Consilium, an annual conference which is hosted by the Centre for Independent Studies. I spoke on fiscal policy and pontificated on the need for nations to restrain government spending. That’s an important message (at least in my humble option),…
Lower Tax Rates > Targeted Tax Credits
Some folks on the right in Washington, generally known as reformicons (short for reform conservatives), want the Republican Party to de-emphasize marginal tax rate reductions and instead focus on providing tax relief to parents. There are many leaders in this movement…
Another Victory for the Laffer Curve, this Time over the Lifestyle Puritans
What do cigarettes and capital gains have in common? Well, they both start with the same letter, so maybe the Cookie Monster could incorporate them into his favorite song, but I’m thinking about something else. Specifically, both cigarettes and capital gains tell us…