by Dan Mitchell | Apr 19, 2013 | Blogs, Economics, Laffer Curve
Art Laffer has a guaranteed spot in the liberty hall of fame because he popularized the common-sense notion that you can’t make any assumptions about tax rates and tax revenue without also figuring out what happens to taxable income. Lot’s of people on the left try to...
by Dan Mitchell | Apr 18, 2013 | Big Government, Blogs, Taxation
It’s time to celebrate. That’s because we have reached Tax Freedom Day, meaning that – in the aggregate – we have finally earned enough money to pay for all the federal, state, and local taxes that will be imposed on us this year by our political masters. But we’re...
by Dan Mitchell | Apr 16, 2013 | Blogs, Taxation
I’m very leery of corporate tax reform, largely because I don’t think there are enough genuine loopholes on the business side of the tax code to finance a meaningful reduction in the corporate tax rate. That leads me to worry that politicians might try to “pay for”...
by Dan Mitchell | Apr 15, 2013 | Big Government, Blogs, Government Spending
Remember the Spending Quiz from 2010, which asked people to guess whether absurd examples of government waste were true or false? Well, we have a new video on government waste, though bureaucrats and politicians have become so profligate it doesn’t even bother to...
by Dan Mitchell | Apr 14, 2013 | Blogs, Economics, Government Spending
If America descends into Greek-style fiscal chaos, there’s no doubt that entitlement programs will be the main factor. Social Security, Medicare, Medicaid, and Disability are all fiscal train wrecks today, and the long-run outlook for these programs is frightful. Just...
