by Dan Mitchell | Dec 15, 2017 | Blogs, Economics, Taxation
Adopting tax reform (even a watered-down version of tax reform) is not easy. Some critics say it will deprive the federal government of too much money (a strange argument since it will be a net tax increase starting in 2027). Some critics say it will make it more...
by Dan Mitchell | Dec 14, 2017 | Blogs, Taxation
In early November, I reviewed the House’s tax plan and the Senate’s tax plan. I was grading on a curve. I wasn’t expecting or hoping for something really bold like a flat tax. Instead, I simply put forward a wish list of a few incremental reforms that would make an...
by Dan Mitchell | Dec 13, 2017 | Blogs, Tax Competition, Taxation
When Ronald Reagan slashed tax rates in America in the 1980s, the obvious direct effect was more prosperity in America. But the under-appreciated indirect effect of Reaganomics was that it helped generate more prosperity elsewhere in the world. Not because Americans...
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...
