by Dan Mitchell | Mar 30, 2012 | Blogs, Economics, Flat Tax, Taxation, VAT
What do the flat tax and national sales tax (and even the value-added tax) have in common? As I explain in this Senate Budget Committee testimony, they are all single-rate, consumption-base, loophole-free tax systems that fulfill the key principles of good tax policy....
by Dan Mitchell | Mar 28, 2012 | Big Government, Blogs, Government Spending
A couple of weeks ago, I offered some guarded praise for Paul Ryan’s budget, pointing out that it satisfies the most important requirement of fiscal policy by restraining spending – to an average of 3.1 percent per year over the next 10 years – so that government...
by Dan Mitchell | Mar 12, 2012 | Big Government, Blogs, Economics, Flat Tax, Government Spending, Taxation
Last year, while lounging on the beach in the Caribbean…oops, I mean while doing off-site research, I developed the first iteration of a rule to describe how fiscal policy should operate. Good fiscal policy exists when the private sector grows faster than the public...
by Dan Mitchell | Mar 9, 2012 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Last year, I narrated a CF&P video making the case for Medicaid reform. The proposal is very simple: Replicate the success of the welfare reform of the 1990s by block granting the program and giving states full autonomy to figure out how best to provide health...
by Dan Mitchell | Mar 4, 2012 | Big Government, Blogs, Economic Growth, Economics, Government Spending
Almost exactly one year ago, I did a post entitled “A Laffer Curve Tutorial” because I wanted readers to have all the arguments and data in one place (and also because it meant I wouldn’t have to track down all the videos when someone asked me for the full set)....
