At least, that’s what a left-wing blogger thinks. So what did I do to earn this honor? I had the gall to say that tax loopholes should be removed, but that all the revenues should be used to finance lower tax rates. Call me crazy, but I don’t think either our economy…
Daily Analysis
Is Austan Goolsbee Smarter than a 6 Year Old?
We’re not the only ones who have taken issue with Austan Goolsbee’s high tax propaganda video. Here’s 6 year old Josh’s take: Even the 6 year olds aren’t buying the class-warfare propaganda. Meanwhile, here’s our own response to the Goolsbee video:
Tax Loopholes Are Corrupt and Inefficient, but They Should only Be Eliminated if Every Penny of New Revenue Is Used to Lower Tax Rates
There’s been a lot of heated discussion about various preferences, deductions, credits, shelters, and other loopholes in the tax code. Some of this debate has revolved around whether it is legitimate to refer to these provisions as “tax expenditures” or “subsidi…
Advocating Good Tax Cuts rather than Gimmicks on CNBC
A “bipartisan” task force recently unveiled a budget plan that includes lots of tax increases, but also has a one-year payroll tax holiday supposedly designed to boost the economy. In a debate with a former Bush Administration appointee on CNBC, I explain why this is…
Exposing Warren Buffett’s Dishonesty and/or Innumeracy on CNBC
I get nauseated and disgusted when guilt-ridden wealthy people try to come across as friends of the common man by endorsing soak-the rich taxes. I’ve even debated a couple of self-loathing trust fund babies (see here and here) about class-warfare policy. If neurotic…
Hungary Joins the Flat Tax Club
Every since the current government won a landslide election, there’s been a widespread assumption that Hungary would be the next nation in Europe to hop on the flat tax bandwagon. Well, the assumption has become reality. Here’s a report from Tax-news.com.
Another Tax-Hike Scheme from another “Bipartisan” Group of Washington Insiders
I’ve already commented on the proposal from the Chairmen of President Obama’s Fiscal Commission (including a very clever cartoon, if it’s okay to pat myself on the back). Now we have a similar proposal from the so-called Debt Reduction Task Force. Chaired by former…
Obama’s Proposed Payroll Tax Increase Is a Growing Threat
Back during the presidential campaign, Barack Obama proposed several tax increases. Some of those tax hikes, such as the proposed higher income tax rates on investors, entrepreneurs, small business owners, and other “rich” taxpayers, have received a lot of public…
Who Has the Best License Plate?
A friend sent me a photo of a license plate she saw yesterday. I heartily agree with the sentiment. But I still think my license plate is better because it covers everything. Does anybody have a better choice?
Co-Chairmen of Obama’s Fiscal Commission Unveil Real Tax Increases and Fake Spending Cuts
I have many pet peeves, but one that causes me endless frustration is the Washington “spending cut” scam. This happens when politicians increase spending, but claim that they’re cutting spending because they previously had planned to make government even bigger. The…