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Trump Proposes Massive Tax Increase

Trump Proposes Massive Tax Increase

by Dan Mitchell | Aug 23, 2023 | Blogs, Taxation, Trade

When President Biden proposed a 10-year tax hike of about $3 trillion in 2021, I was very critical. But my hostility was not because Biden is a Democrat. I’ve also condemned Republicans who support higher taxes...
The Economic Cost of Trump-Biden Protectionism

The Economic Cost of Trump-Biden Protectionism

by Dan Mitchell | Jun 13, 2023 | Blogs, Trade

At the risk of understatement, Donald Trump’s trade policy was a miserable failure. But the 2020 election did not lead to any changes. Biden also has been a protectionist. In some ways, he’s been even worse than Trump. A rather...
The Biden-Trump Plan for Middle-Class Tax Increases

The Biden-Trump Plan for Middle-Class Tax Increases

by Dan Mitchell | May 15, 2023 | Big Government, Blogs, Government Spending, Taxation

What do Joe Biden and Donald Trump have in common? Speaking earlier this year to the Mackinac Center in Michigan, I warned they both implicitly favor massive tax increases on ordinary households. If you don’t want to spend two minutes watching the...
The Biden-Trump Plan for Middle-Class Tax Increases

Social Security’s $60 Trillion-Plus Problem

by Dan Mitchell | Apr 1, 2023 | Big Government, Blogs, Government Spending

The 2023 Social Security Trustees Report was released yesterday, and just like I did last year (and the year before, and the year before that, etc), let’s look at the fiscal status of the retirement program. There is a lot of data in...
Biden and Trump Should Learn from Sweden’s Social Security Reform

Biden and Trump Should Learn from Sweden’s Social Security Reform

by Dan Mitchell | Feb 23, 2023 | Big Government, Blogs, Government Spending, Welfare and Entitlements

Some American politicians, such as Joe Biden and Donald Trump, are very much opposed to dealing with Social Security, even though the current system has a massive $56 trillion cash-flow deficit. For all intents and purposes, both the current...
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