by Dan Mitchell | Aug 20, 2024 | Blogs, Economics, Taxation
As part of her tax-and-spend agenda, Kamala Harris says she wants to increase the federal corporate tax rate from 21 percent to 28 percent. While it doesn’t seem possible, there is a tiny sliver of good news in her proposal. I’m happy that she isn’t proposing to...
by Dan Mitchell | Feb 18, 2024 | Blogs, Tax Competition, Tax Harmonization, Taxation
I support tax competition because it is our best hope of avoiding “goldfish government.” As such, I’m very opposed to tax harmonization schemes, all of which are designed to make it easier for politicians to impose higher tax burdens. . That’s why...
by Dan Mitchell | Jan 29, 2024 | Big Government, Blogs, Government Spending, States, Taxation
The good news is that Louisiana voters recently voted to lower their state’s top income tax rate. The bad news is that Louisiana’s economic policy still leaves much to be desired. Ranked #40 by the Tax Foundation. Ranked #26 by the Fraser...
by Dan Mitchell | Dec 9, 2023 | Blogs, Economics, Laffer Curve, Taxation
Two months ago, I wrote about a remarkable example of the Laffer Curve, involving Ireland’s low 12.5 percent corporate tax rate. According to the New York Times, Ireland was collecting so much corporate tax revenue that the government was having a...
by Dan Mitchell | Nov 3, 2023 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
Yesterday’s column reviewed a new academic study which found that Trump’s corporate tax reforms had a very positive impact on investment, which means more growth and higher wages for the American economy. The study, which was written by Gabriel Chodorow-Reich...
