by Dan Mitchell | Nov 28, 2012 | Blogs, Economics, Laffer Curve, Taxation
Being a thoughtful and kind person, I offered some advice last year to Barack Obama. I cited some powerful IRS data from the 1980s to demonstrate that there is not a simplistic linear relationship between tax rates and tax revenue. In other words, just as a restaurant...
by Dan Mitchell | Nov 21, 2012 | Big Government, Blogs, Government Spending, Taxation
I appeared on CNBC yesterday to talk about the “fiscal cliff” and the potential impact on economic performance. You won’t be surprised to learn that I’m mostly concerned with how the issue gets resolved. Yes, there is some temporary uncertainty that is probably making...
by Dan Mitchell | Nov 20, 2012 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Taxation
President Obama and other statists in Washington want a big class-warfare tax hike. They claim the additional revenue is necessary to reduce red ink. But their ideological crusade is based on some blatant distortions. They tell us that tax increases are necessary, but...
by Dan Mitchell | Nov 15, 2012 | Big Government, Blogs, Economics, Government Spending, Taxation
Obama has staked out a very dogmatic and inflexible position on class-warfare tax hikes and he obviously wants all of us to think only the “rich” will be impacted. I think it’s foolish to penalize investors, entrepreneurs, small business owners and other upper-income...
by Dan Mitchell | Nov 10, 2012 | Blogs, Tax Competition, Taxation
I’m in Jersey, where I gave a speech last night. But not New Jersey, the state where you shouldn’t die. That’s the state that many people have been fleeing because they don’t like paying confiscatory taxes to finance bureaucrats who make as much as $320,000 per year....
