by Dan Mitchell | Aug 19, 2013 | Blogs, Economics, Laffer Curve, Taxation
As regular readers know, one of my great challenges in life is trying to educate policy makers about the Laffer Curve, which is simply a way of illustrating that government won’t collect any revenue if tax rates are zero, but also won’t collect much revenue if tax...
by Dan Mitchell | Aug 15, 2013 | Blogs, Economics, Europe
The United States is suffering through the weakest economic expansion since the Great Depression, which is a damning indictment of Obamanomics. But that doesn’t mean the United States has the world’s worst-performing economy. Japan’s statist economy has been mired in...
by Dan Mitchell | Aug 14, 2013 | Blogs, Taxation
As a fiscal policy economist, one of my responsibilities is to educate policy makers about the impact of taxation. Simply stated, I try to help them understand that taxes alter behavior. If you tax something at a higher rate, you get less of whatever is being taxed....
by Dan Mitchell | Aug 13, 2013 | Blogs, Economics, Tax Competition, Taxation
It’s probably not an exaggeration to say that the United States has the world’s worst corporate tax system. We definitely have the highest corporate tax rate in the developed world, and we may have the highest corporate tax rate in the entire world depending on how...
by Dan Mitchell | Aug 10, 2013 | Blogs, Economics, Taxation
Even though I’m a big fan of tax reform, I explained back in June that I’m not very comfortable with the “blank slate” tax reform plan put forth by Senators Max Baucus (D-MT) and Orrin Hatch (R-UT). My main gripe is that they start with the assumption that there...
