by Dan Mitchell | Aug 7, 2012 | Big Government, Blogs, Economics, Government Spending, Taxation
I like sequestration. Automatic budget cuts might not be the best way of reducing the burden of government spending, but a sequester is better than leaving the federal budget on autopilot. Particularly since the “cuts” are mostly just reductions in already-scheduled...
by Dan Mitchell | Aug 4, 2012 | Blogs, Economics, Tax Competition, Taxation
My friends at Americans for Tax Reform have received a bunch of attention for a new report entitled “Win Olympic Gold, Pay the IRS.” In this clever document, they reveal that athletes could face a tax bill – to those wonderful folks at the IRS – of nearly $9,000...
by Dan Mitchell | Aug 2, 2012 | Blogs, Economics, Laffer Curve, Taxation
Montgomery County in Maryland is not exactly a hotbed of free market thinking or a bastion of limited government. It’s one of the richest counties in the nation, but not because of entrepreneurship and wealth creation. Instead, it’s a bedroom community for over-paid...
by Dan Mitchell | Jul 21, 2012 | Blogs, Economics, Taxation
Mitt Romney is being criticized for supporting “territorial taxation,” which is the common-sense notion that each nation gets to control the taxation of economic activity inside its borders. While promoting his own class-warfare agenda, President Obama recently...
by Dan Mitchell | Jul 5, 2012 | Big Government, Blogs, Europe, Government Spending
With all the fiscal troubles in Greece, Spain, Ireland, Portugal, and Italy, there’s not much attention being paid to Cyprus. But the Mediterranean island nation is a good case study illustrating the economic dangers of big government. For all intents and purposes,...
