by Dan Mitchell | Dec 10, 2017 | Blogs, Economics, Taxation
Both the House and Senate have approved reasonably good tax reform plans. Lawmakers are now in a “conference committee” to iron out the differences between the two bills so that a consensus package can be a approved and sent to the White House for the President’s...
by Dan Mitchell | Dec 7, 2017 | Big Government, Blogs, Welfare and Entitlements
I gave a speech last night at the University of Texas Arlington on the topic of “Is America turning into Greece? How the growth of government and debt risk creating a dismal future for young Americans.” Not a very succinct title, I realize, but I wanted to warn...
by Dan Mitchell | Dec 4, 2017 | Blogs, Economics
The late Mancur Olsen was a very accomplished academic economist who described the unfortunate tendency of vote-seeking governments to behave like “stationary bandits,” seeking to extract the maximum amount of money from taxpayers. I’m not nearly as sophisticated, so...
by Dan Mitchell | Dec 2, 2017 | Big Government, Blogs, Government Spending, Taxation
Since the House has passed a tax cut and the Senate has passed a tax cut, it’s quite likely that there will be a consensus deal that will be signed into law. Which makes me happy since any agreement presumably will include a lower corporate tax rate and...
by Dan Mitchell | Nov 28, 2017 | Big Government, Blogs, Government Spending, Taxation
I’ve been grousing all year that tax cuts and tax reform are jeopardized by the failure to restrain the growth of federal spending. At the start of the year, I pointed out that it would be possible to both balance the budget and approve a $3 trillion tax...
