by Dan Mitchell | Aug 2, 2025 | Big Government, Blogs, Government Spending
Regular readers know I’m not a Trumpie. Some of his policies are terrible (protectionism), while others are irresponsible (punting on entitlements) or misguided (new tax loopholes). But I have to give credit where credit is due. Unlike every other Republican president...
by Dan Mitchell | Aug 1, 2025 | Blogs, Economics, Trade
A couple of days ago, I had an email exchange with some Trumpie friends who asserted that the recent GDP report (3 percent inflation-adjusted growth) was proof that Trump’s protectionist trade policy has been successful. Given the underlying details...
by Dan Mitchell | Jul 30, 2025 | Blogs, Economics, Taxation, Trade
From an economic perspective, Trump’s protectionist policies will make the American economy less efficient and lower living standards for American households. If you want to know the macro damage, here are the latest estimates from the Tax...
by Dan Mitchell | Jul 22, 2025 | Big Government, Blogs, Government Spending
While Trump’s protectionism means a very misguided tax increase on American consumers and businesses, some of his other fiscal policies are praiseworthy. The spending reforms in the One Big Beautiful Bill are small, but laudable. The changes to...
by Dan Mitchell | Jul 7, 2025 | Big Government, Blogs, Government Spending, Taxation
I gave my overall assessment of the One Big Beautiful Bill Act last week, which can be summarized in two sentences. The good news is that “…the bill prevents a massive automatic tax increase starting on January 1 of 2026.” The bad news is that “…the...
