by Dan Mitchell | Oct 19, 2024 | Big Government, Blogs, Economics, Welfare and Entitlements
What nation has the world’s best tax policy? There are relatively straightforward ways of answering that question, such as looking at the places (Cayman Islands, Bermuda, Monaco, etc) with no income tax. If you focus on bigger nations, you can look at...
by Dan Mitchell | Oct 16, 2024 | Blogs, Economics, Uncategorized
In 2022, Chris Edwards released his Fiscal Policy Report Card on America’s Governors and calculated that Kim Reynolds of Iowa was the best in the nation. That was an improvement over her 2nd-place finish in 2020. How did she do this year...
by Dan Mitchell | Oct 8, 2024 | Big Government, Blogs, Government Spending
If you want to understand Washington’s fiscal profligacy, this chart based on OMB data shows what has happened to the federal budget over the past 15 years. There are two big things to understand. We had some very admirable spending restraint...
by Dan Mitchell | Oct 7, 2024 | Big Government, Blogs, Europe
About two weeks ago, I shared a new study that warned about potential fiscal crises in developed nations. The study specifically warned about “sustainable debt limits” in the United States, Italy, France, the United Kingdom, and Canada. Using a...
by Dan Mitchell | Oct 6, 2024 | Blogs, Taxation
Part I of my three-part video series on the Laffer Curve is a good introduction to today’s column. It’s a common-sense primer on why there is not a linear relationship between tax rates and tax revenue. This is not a controversial view. Even Paul Krugman...
