by Dan Mitchell | Dec 9, 2012 | Blogs, Economics, Taxation
I’ve been very critical of Obama’s class-warfare ideology because it leads to bad fiscal policy. But perhaps it is time to give some attention to other arguments against high tax rates. Robert Samuelson, a columnist for the Washington Post, has a very important...
by Dan Mitchell | Dec 8, 2012 | Blogs, Economics, Flat Tax, Taxation
I’ve been arguing against higher taxes because of my concerns that more revenue will simply lead to a bigger burden of government spending. Yes, I realize it is theoretically possible that a tax hike could be part of a political deal that produces a good outcome, such...
by Dan Mitchell | Dec 4, 2012 | Blogs, Economics, Europe, Laffer Curve, Taxation
Obama’s main goal in the fiscal cliff negotiations is to impose a class-warfare tax hike. He presumably thinks this will give the government more money to spend, but recent evidence from the United Kingdom suggests that he won’t get nearly as much money as he thinks....
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...
