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New Illinois Governor Wants to Accelerate the State’s Fiscal Collapse with a “Progressive” Tax

New Illinois Governor Wants to Accelerate the State’s Fiscal Collapse with a “Progressive” Tax

by Dan Mitchell | Mar 14, 2019 | Big Government, Blogs, Tax Competition, Taxation

I wrote a couple of weeks ago about how New York is committing slow-motion fiscal suicide. The politicians in Illinois must have noticed because they now want (another “hold my beer” moment?) to accelerate the already-happening collapse of their state. The new...
New Jersey’s Message to Taxpayers: Move or We Will Tax You to Death

New Jersey’s Message to Taxpayers: Move or We Will Tax You to Death

by Dan Mitchell | Feb 9, 2019 | Blogs, Tax Competition, Taxation

According to Freedom in the 50 States, which we reviewed a couple of days ago, New Jersey is in the bottom 10 and has been moving in the wrong direction. This dismal ranking is not an anomaly. New Jersey also is in the bottom 10 of states according to Economic Freedom...
House Democrats Threaten Workers and Competitiveness with a Higher Corporate Income Tax Rate

House Democrats Threaten Workers and Competitiveness with a Higher Corporate Income Tax Rate

by Dan Mitchell | Jan 13, 2019 | Blogs, Economics, Taxation

There were several good features of the 2017 tax bill, including limitations on the state and local tax deduction. But the 21 percent corporate tax rate was the unquestioned crown jewel of the Tax Cut and Jobs Act. The U.S. system had become extremely...
The Chilean Economic Miracle: Big Benefits for the Poor, Part III

The Chilean Economic Miracle: Big Benefits for the Poor, Part III

by Dan Mitchell | Jan 11, 2019 | Blogs, Economics

Today is my last day in Chile, so today’s column will build upon what I wrote last week. I have three charts that illustrate how Chile’s pro-market reforms have been great news – especially for poor people (or, to be more accurate, for Chileans who used to be poor)....
The United States is the World’s Most Competitive Economy

The United States is the World’s Most Competitive Economy

by Dan Mitchell | Oct 19, 2018 | Blogs, Economics

I’m glad the United States is now ranked #1 in the World Economic Forum’s Global Competitiveness Report, though I point out in this interview that Trump’s performance is mostly a net wash. His sensible approach to tax and regulation is offset by his weak approach to...
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