by Dan Mitchell | Sep 1, 2014 | Big Government, Blogs, Economics, Laffer Curve, Taxation
I’ve already shared a bunch of data and evidence on the importance of low tax rates. A review of the academic evidence by the Tax Foundation found overwhelming support for the notion that lower tax rates are good for growth. An economist from Cornell found lower tax...
by Dan Mitchell | Aug 21, 2014 | Blogs, Economics, Taxation
Some folks on the right in Washington, generally known as reformicons (short for reform conservatives), want the Republican Party to de-emphasize marginal tax rate reductions and instead focus on providing tax relief to parents. There are many leaders in this movement...
by Dan Mitchell | Aug 19, 2014 | Blogs, Economics, Taxation
What do cigarettes and capital gains have in common? Well, they both start with the same letter, so maybe the Cookie Monster could incorporate them into his favorite song, but I’m thinking about something else. Specifically, both cigarettes and capital gains tell us...
by Dan Mitchell | Aug 18, 2014 | Blogs, Economics
I shared a chart back in February that shows how long it takes to double GDP based on different growth rates. For instance, if the economy grows only 1 percent per year, it takes 70 years before the economy doubles. Think Italy or some other decrepit European welfare...
by Dan Mitchell | Aug 10, 2014 | Big Government, Blogs, Welfare and Entitlements
With all the controversy over the failed and costly Obamacare program, it’s understandable that other entitlements aren’t getting much attention. But that doesn’t mean there aren’t serious problems with Medicaid, Medicare, and Social Security. Indeed, the...
