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Balancing the Budget Should Be Very Easy, Regardless of the GOP’s Tiny (and Temporary) Tax Cut

Balancing the Budget Should Be Very Easy, Regardless of the GOP’s Tiny (and Temporary) Tax Cut

by Dan Mitchell | Dec 2, 2017 | Big Government, Blogs, Government Spending, Taxation

Since the House has passed a tax cut and the Senate has passed a tax cut, it’s quite likely that there will be a consensus deal that will be signed into law. Which makes me happy since any agreement presumably will include a lower corporate tax rate and...
Five Weak Arguments Against Tax Cuts from Bill Clinton’s Former Treasury Secretary

Five Weak Arguments Against Tax Cuts from Bill Clinton’s Former Treasury Secretary

by Dan Mitchell | Nov 17, 2017 | Blogs, Economics, Taxation

Left-wing columnists at the Washington Post have hit upon a theme. In late October, Ruth Marcus wrote a column asserting that tax cuts are “dangerous.” I explained why her argument was nonsensical, but that clearly didn’t have any impact since Robert Rubin has a new...
Tax Reform, Red Ink, and the Ticking Time Bomb of Federal Spending

Tax Reform, Red Ink, and the Ticking Time Bomb of Federal Spending

by Dan Mitchell | Nov 3, 2017 | Blogs, Taxation

The swamp is pulsating with excitement. For the lobbying community, tax reform is like Christmas. No matter what happens, they win because of lucrative retainers and fat contracts. And what about libertarian policy wonks? What do we get? Well, we look at the...
Five Weak Arguments Against Tax Cuts from Bill Clinton’s Former Treasury Secretary

Are Tax Cuts Dangerous?

by Dan Mitchell | Oct 28, 2017 | Big Government, Blogs, Government Spending, Welfare and Entitlements

I’ve responded to all sorts of arguments against lower taxes. Tax cuts are “unfair” because rich people will benefit. Tax cuts are wrong because revenue should be going up, not down. Tax cuts are pointless because the economy won’t grow faster. Tax cuts are misguided...
Social Security’s Creeping Fiscal Crisis

Social Security’s Creeping Fiscal Crisis

by Dan Mitchell | Jul 18, 2017 | Big Government, Blogs

Since it is the single-largest government program, not only in the United States but also the entire world, it’s remarkable that Social Security isn’t getting much attention from fiscal policy wonks. Sure, Obamacare is a more newsworthy issue because of the...
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