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...
by Dan Mitchell | Nov 4, 2018 | Blogs, Economics, Taxation
There are three reasons why the right kind of tax reform can help the economy grow faster. Lower tax rates give people more incentive to earn income. Less double taxation boosts incentives to save and invest. Fewer loopholes improves incentives for economic...
by Dan Mitchell | Oct 25, 2018 | Blogs, Economics, Laffer Curve, Supply Side, Taxation
As illustrated by this video tutorial, I’m a big advocate of the Laffer Curve. I very much want to help policy makers understand (especially at the Joint Committee on Taxation) that there’s not a linear relationship between tax rates and tax revenue. In other words,...
by Dan Mitchell | Sep 21, 2018 | Blogs, Taxation
Last month, I revealed that even Paul Krugman agreed with the core principle of the Laffer Curve. Today, we have another unlikely ally. Regular readers know that I’m not a big fan of the Organization for Economic Cooperation and Development. The Paris-based...
by Dan Mitchell | Aug 27, 2018 | Blogs, Economics, Supply Side, Taxation
When I write about the economics of fiscal policy and need to give people an easy-to-understand explanation on how government spending affects growth, I share my four-part video series. But. other than a much-too-short primer on growth and taxation from 2016, I don’t...
