by Dan Mitchell | Mar 19, 2015 | Big Government, Blogs, Economics, Government Spending
Earlier this year, President Obama proposed a budget that would impose new taxes and add a couple of trillion dollars to the burden of government spending over the next 10 years. The Republican Chairmen of the House and Senate Budget Committees have now weighed in....
by Dan Mitchell | Mar 17, 2015 | Big Government, Blogs, Economics, Government Spending
I feel a bit schizophrenic when people ask me my opinion of Republicans on Capitol Hill. When I’m in a good mood (or being naively optimistic, some might argue), I applaud them for blocking Obama’s spending agenda. The fights over sequestration, debt limits, and...
by Dan Mitchell | Mar 16, 2015 | Big Government, Blogs, Economics, Government Spending
It’s not very often that I applaud research from the International Monetary Fund. That international bureaucracy has a bad track record of pushing for tax hikes and other policies to augment the size and power of government (which shouldn’t surprise us since the IMF’s...
by Dan Mitchell | Mar 8, 2015 | Blogs, Taxation
Like many taxpayers, I personally get upset with the Internal Revenue Service when I file my taxes. But I probably get angrier than the average taxpayer. That’s because I have first-hand knowledge of the waste and fraud in the federal budget, so it galls me that so...
by Dan Mitchell | Mar 4, 2015 | Blogs, Economics, Taxation
In my 2012 primer on fundamental tax reform, I explained that the three biggest warts in the current system. High tax rates that penalize productive behavior. Pervasive double taxation that discourages saving and investment. Corrupt loopholes and cronyism that bribe...
