by Dan Mitchell | Dec 8, 2012 | Blogs, Economics, Flat Tax, Taxation
I’ve been arguing against higher taxes because of my concerns that more revenue will simply lead to a bigger burden of government spending. Yes, I realize it is theoretically possible that a tax hike could be part of a political deal that produces a good outcome, such...
by Dan Mitchell | Dec 6, 2012 | Big Government, Blogs, Economics, Taxation
The politicians claim that they are negotiating about how best to reduce the deficit. That irks me because our fiscal problem is excessive government spending. Red ink is merely a symptom of that underlying problem. But that’s a rhetorical gripe. My bigger concern is...
by Dan Mitchell | Dec 5, 2012 | Big Government, Blogs, Government Spending
I’ve repeatedly tried to expose pervasive fiscal dishonesty in Washington. In these John Stossel and Judge Napolitano interviews, for instance, I explain that the crooks in DC have created a system that allows them to claim they’re cutting the budget when the burden...
by Dan Mitchell | Dec 3, 2012 | Blogs, Economics, Taxation
Earlier this year, I explained that tax revenues would soon climb above their long-run average of 18 percent of GDP, even if the 2001 and 2003 tax cuts were made permanent. In other words, the nation’s fiscal challenge is entirely the result of a rising burden of...
by Dan Mitchell | Dec 1, 2012 | Big Government, Blogs, Economics, Government Spending, Taxation
If done well, an image can say a thousand words. The Heritage Foundation shows us what Obama has in mind when he talks about a “balanced” plan. This chart, while horrifying and visually powerful, actually understates the case against Obama. The President is not...
