by Dan Mitchell | May 15, 2023 | Big Government, Blogs, Government Spending, Taxation
What do Joe Biden and Donald Trump have in common? Speaking earlier this year to the Mackinac Center in Michigan, I warned they both implicitly favor massive tax increases on ordinary households. If you don’t want to spend two minutes watching the...
by Dan Mitchell | Apr 16, 2023 | Big Government, Blogs, Taxation, Welfare and Entitlements
I have repeatedly pointed out that opponents of entitlement reform support big tax increases. And, as I explain in this segment from a recent presentation, they specifically support tax increases on lower-income and middle-class households. Why do I assert that they...
by Dan Mitchell | Apr 3, 2023 | Big Government, Blogs, Government Spending
Every president this century – Biden, Trump, Obama, and Bush – has been a big spender. But I told an audience at the Acton Institute that there are still reasons for optimism. All that is necessary is a modest amount of spending restraint. More specifically, we can...
by Dan Mitchell | Apr 1, 2023 | Big Government, Blogs, Government Spending
The 2023 Social Security Trustees Report was released yesterday, and just like I did last year (and the year before, and the year before that, etc), let’s look at the fiscal status of the retirement program. There is a lot of data in...
by Dan Mitchell | Mar 8, 2023 | Big Government, Blogs, Taxation
The combination of demographic change and poorly designed entitlement programs is producing an ever-increasing burden of federal spending. In my Twelfth Theorem of Government, I pointed out that this inevitably will mean big tax increases on...
