by Dan Mitchell | Sep 6, 2017 | Blogs, Taxation
Whenever I see an otherwise sensible person express support for a value-added tax, it triggers a Pavlovian response. And it’s not a favorable reaction. I’ve criticized Tom Dolan, Greg Mankiw, and Paul Ryan, for pro-VAT comments. I’ve gone after Kevin Williamson, Josh...
by Dan Mitchell | Sep 2, 2017 | Blogs, Taxation
Why were the Reagan tax cuts so successful? Why did the economy rebound so dramatically from the malaise of the 1970s? The easy answer is that we got better tax policy, especially lower marginal tax rates on personal and business income. Those lower rates reduced the...
by Dan Mitchell | Aug 30, 2017 | Blogs, Flat Tax, Taxation
While I realize there’s zero hope of ripping up America’s awful tax code and getting a simple and fair flat tax, I’m nonetheless hopeful that there will be some meaningful incremental changes as part of the current effort to achieve some sort of tax reform. A package...
by Dan Mitchell | Aug 29, 2017 | Uncategorized
Most people understand that there’s a Social Security crisis, but they only know half the story. The part of the crisis they grasp is that the program is basically bankrupt, though I doubt many of them realize that the long-run shortfall is a staggering $44 trillion....
by Dan Mitchell | Aug 16, 2017 | Big Government, Blogs, Economics, Government Spending, Keynesian, Supply Side, Taxation
To be blunt, Republicans are heading in the wrong direction on fiscal policy. They have full control of the executive and legislative branches, but instead of using their power to promote Reaganomics, it looks like we’re getting a reincarnation of the big-government...
