New York’s Fiscal Suicide

by Dan Mitchell | Apr 6, 2021 | Blogs, Tax Competition, Taxation

The state of New York is an economic disaster area. New York is ranked #50 in the Economic Freedom of North America.New York is ranked #48 in the State Business Tax Climate Index.New York is ranked #50 in the Freedom...

Five Visuals that Explain Why Higher Corporate Income Tax Rates Are Bad for America

by Dan Mitchell | Apr 1, 2021 | Blogs, Taxation

I have a four-part series (here, here, here, and here) about the conceptual downsides of Joe Biden’s class-warfare approach to tax policy. Now it’s time to focus on the component parts of his agenda. Today’s column will review his plan for a big...

What Biden’s Corporate Tax Increase Means for American Competitiveness

by Dan Mitchell | Mar 17, 2021 | Blogs, Taxation

Thanks to globalization (as opposed to globalism), jobs and investment are now very mobile. This means the costs of bad policy are higher than ever before, and it also means the benefits of good policy are higher than ever before. Which is why it’s very...

The Link Between GDP, Living Standards, and Economic Liberty

by Dan Mitchell | Feb 26, 2021 | Blogs, Economics

I repeatedly write about the importance of economic growth, usually citing data about gross domestic product (GDP), which is defined as “a monetary measure of the market value of all the final goods and services produced in a specific time...

The Case Against Biden’s Class-Warfare Tax Policy, Part III

by Dan Mitchell | Jan 17, 2021 | Blogs, Taxation

In Part I of this series, I explained that President-Elect Biden’s soak-the-rich agenda didn’t make sense because the internal revenue code already is very biased against upper-income taxpayers. Indeed, the U.S. tax system is even more weighted against...