by Dan Mitchell | Jul 27, 2023 | Blogs, Taxation
At the start of the year, I wrote that so-called tax expenditures were a “boring but important issue.” Well, it’s time to once again put readers to sleep. Let’s start with a definition. A tax expenditure is basically a loophole in the tax code. And these...
by Dan Mitchell | Mar 16, 2023 | Blogs, Taxation
Last week, I wrote about Biden’s proposed budget, focusing on the aggregate increase in the fiscal burden. Today, let’s take a closer look at his class-warfare tax proposals. Consider this Part VI in a series (Parts I-V can be...
by Dan Mitchell | Feb 11, 2023 | Blogs, Capital Gains, Taxation
In 2020 and 2021, I wrote a four-part series (here, here, here, and here) about Biden’s class-warfare tax agenda. And I also wrote a series of columns about some of his worst ideas. Biden wants America to have the developed world’s highest...
by Dan Mitchell | Jan 27, 2023 | Blogs, Taxation
While speaking last year in Hawaii on the topic of good tax policy, I explained why it is misguided to impose extra layers of tax on saving and investment. Regarding the problem of double taxation, I’ve addressed how various features of the tax code need to be...
by Dan Mitchell | Jan 23, 2023 | Blogs, Taxation
It’s fun to write about big-picture issues such as tax reform (for instance, should we have a flat tax or national sales tax?). It’s also fun to write about contentious issues such as whether there should be tax increases or whether the tax code should be based on...
