by Dan Mitchell | Mar 15, 2018 | Blogs, Taxation
Ideally, there should be no capital gains tax. After all, the levy is a self-destructive form of double taxation that reduces the quantity and quality of investment. And that’s not good for wages and jobs. To add insult to injury (to be more accurate, to add injury to...
by Dan Mitchell | Feb 8, 2018 | Blogs, Economics, Taxation
I strongly applauded the tax reform plan that was enacted in December, especially the lower corporate tax rate and the limit on the deduction for state and local taxes. But I’m not satisfied. Our long-run goal should be fundamental tax reform. And that means replacing...
by Dan Mitchell | Nov 26, 2017 | Blogs, Taxation
Since Republicans screwed up Obamacare repeal and haven’t even tried to impose spending restraint, I was rather pessimistic about tax reform earlier this year. Given my dour attitude, I thought the best-possible outcome was nothing more than a reduction in the...
by Dan Mitchell | Oct 1, 2017 | Blogs, Economics, Laffer Curve, Taxation
For months, I’ve been arguing that the big reduction in the corporate tax rate is the most important part of Trump’s tax agenda. But not because of politics or anything like that. Instead, my goal is to enable additional growth by shifting to a system that doesn’t do...
by Dan Mitchell | Aug 30, 2017 | Blogs, Flat Tax, Taxation
While I realize there’s zero hope of ripping up America’s awful tax code and getting a simple and fair flat tax, I’m nonetheless hopeful that there will be some meaningful incremental changes as part of the current effort to achieve some sort of tax reform. A package...
