by Dan Mitchell | Jun 5, 2017 | Blogs, Economics, States, Taxation
The federal income tax is corrosive and destructive. It’s almost as if a group of malicious people decided to deliberately design a system that imposes maximum damage while also allowing the most corruption. The economic damage is not only the result of high tax rates...
by Dan Mitchell | Jun 3, 2017 | Blogs, Economics, Taxation
Illinois is a mess. Taxes and spending already are too high, and huge unfunded liabilities point to an even darker future. Simply stated, politicians and government employee unions have created an unholy alliance to extract as much money as possible from the state’s...
by Dan Mitchell | Jun 2, 2017 | Big Government, Blogs, Government Spending
Neither involves nudity, but I’ve written about libertarian porn and poverty porn. To augment that list, my former colleague Brian Riedl, now with the Manhattan Institute, has produced some fiscal porn. Nothing sexual, so you can disregard this column if that’s your...
by Dan Mitchell | May 26, 2017 | Big Government, Blogs, Economics, Government Spending
In this interview with Dana Loesch, I make several points about the Trump budget, including the need to reform means-tested entitlements and Obamacare (with a caveat from my Second Theorem of government), as well as some comments on foreign aid and fake budget cuts....
by Dan Mitchell | May 25, 2017 | Blogs, Economics, Tax Competition, Taxation
What’s the best argument for reducing the onerous 35 percent corporate tax rate in the United States? 1. Should the rate be lowered because it’s embarrassing that America has the highest corporate tax rate in the developed world, and perhaps the entire world? That’s...
