by Dan Mitchell | Feb 23, 2012 | Blogs, Taxation
American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when you add state corporate taxes. Among developed nations, only Japan is in the same...
by Dan Mitchell | Feb 14, 2012 | Blogs, Capital Gains, Economics, Taxation
As discussed yesterday, the most important number in Obama’s budget is that the burden of government spending will be at least $2 trillion higher in 10 years if the President’s plan is enacted. But there are also some very unsightly warts in the revenue portion of the...
by Dan Mitchell | Feb 1, 2012 | Blogs, Capital Gains, Economics, Taxation
Never let it be said I back down from a fight, even when it’s the other team’s game, played by the other team’s rules, and for the benefit of the wrong person. And that definitely went through my mind when U.S. News & World Report asked me to contribute to their...
by Dan Mitchell | Jan 24, 2012 | Blogs, Capital Gains, Taxation
Last night’s GOP debate did nothing to change my sour opinion of Mitt Romney. During a discussion about tax reform, he attacked Newt Gingrich for the supposed crime of not wanting to double tax capital gains. Here’s how Politico reported the exchange. Newt Gingrich...
by Dan Mitchell | Dec 11, 2011 | Blogs, Taxation
Since the Clinton Administration turned out to be much more market-oriented than either his GOP predecessor or successor, this isn’t quite a man-bites-dog story. Nonetheless, it is still noteworthy that Elaine Kamarck, a high-level official from the Clinton White...
