by Dan Mitchell | Jul 7, 2025 | Big Government, Blogs, Government Spending, Taxation
I gave my overall assessment of the One Big Beautiful Bill Act last week, which can be summarized in two sentences. The good news is that “…the bill prevents a massive automatic tax increase starting on January 1 of 2026.” The bad news is that “…the...
by Dan Mitchell | Jul 5, 2025 | Big Government, Blogs, Welfare and Entitlements
Late last year, when there was (unwarranted) optimism that DOGE could deliver big savings for taxpayers, I recommended that Elon Musk and his team promote fiscal federalism. My argument was that it is wasteful and foolish to have Uncle Sam grab about $1.3...
by Dan Mitchell | Jul 2, 2025 | Big Government, Blogs, Government Spending
At the risk of stating the obvious, the so-called “One Big Beautiful Bill Act.” is grotesquely disappointing. This chart from the Committee for a Responsible Federal Budget tells you everything you need to know. We have a federal budget that is far too...
by Dan Mitchell | Jul 1, 2025 | Blogs, States, Taxation
In 1972, Ohio politicians made the mistake of imposing a state income tax. That first tax had a top rate of 3.5 percent, but politicians quickly became addicted to this new source of tax revenue. By 1984, the top rate had jumped to 9.5 percent....
by Dan Mitchell | Jun 22, 2025 | Blogs, Taxation
Back in 2013, I debated Joe Biden’s top economist on the death tax. Everything I said then (and wrote four years before then) is still true today. In the interview, I mentioned nations that have abolished their death taxes, including Australia. I should...
