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...
by Dan Mitchell | Jun 9, 2025 | Blogs, Trade
In the final minute of this video on trade deficits, I explained that protectionism is a political loser for the Republican Party. But I didn’t delve deeply into the politics of protectionism. I merely noted that today’s Republican lawmakers were concerned. And for...
by Dan Mitchell | May 29, 2025 | Blogs, Trade
Trump’s “Liberation Day” tax increase on trade has been very bad news for the economy, causing considerable havoc in financial markets and imposing big costs on American businesses. The president claimed he had the power to unilaterally impose those tax increases (and...
