by Dan Mitchell | Sep 19, 2019 | Blogs, Taxation
I wrote yesterday about the generic desire among leftists to punish investors, entrepreneurs, and other high-income taxpayers. Today, let’s focus on one of the specific tax hikes they want. There is near-unanimity among Democratic presidential candidates for higher...
by Dan Mitchell | Aug 23, 2019 | Blogs, Economics, Taxation, Trade
I wrote two days ago about how the White House is contemplating ideas to boost the economy. This is somewhat worrisome since “stimulus” plans oftentimes are based on Keynesian economics, which has a terrible track record. But there are policies that could help growth...
by Dan Mitchell | Jul 1, 2019 | Blogs, Capital Gains, Economics, Taxation
One of the worst features of the internal revenue code is the pervasive bias against income that is saved and invested. People who immediately consume their after-tax income are largely untaxed (thankfully, we don’t have a value-added tax), but there are several...
by Dan Mitchell | Apr 3, 2019 | Blogs, Capital Gains, Taxation
President Kennedy’s tax rate reductions were a big success. Sadly, very few modern Democrats share JFK’s zeal for pro-growth tax policy. Bernie Sanders wants a huge increase in the death tax. Elizabeth Warren wants a punitive wealth tax. Alexandria Ocasio-Cortez and...
by Dan Mitchell | Jun 19, 2018 | Blogs, Capital Gains, Taxation
I wrote last month about a new book from the Fraser Institute about demographics and entrepreneurship. My contribution was a chapter about the impact of taxation, especially the capital gains tax. At a panel in Washington, I had a chance to discuss my findings. If you...
