by Dan Mitchell | Sep 14, 2024 | Big Government, Blogs, Government Spending
I wrote in 2013 that “for any fiscal policy question, spending restraint is the answer,” which is simply a restatement of my Golden Rule. I’m going to augment that by stating that “whenever there is a fiscal mess, excess spending growth is the cause.”...
by Dan Mitchell | Aug 24, 2024 | Big Government, Blogs, Government Spending, Taxation
I’ve written many times about America having a problem of a government that is too big and growing too fast. And I’ve warned that this will lead to some combination of the following dire consequences. Big tax increases. Big debt...
by Dan Mitchell | Aug 20, 2024 | Blogs, Economics, Taxation
As part of her tax-and-spend agenda, Kamala Harris says she wants to increase the federal corporate tax rate from 21 percent to 28 percent. While it doesn’t seem possible, there is a tiny sliver of good news in her proposal. I’m happy that she isn’t proposing to...
by Dan Mitchell | Aug 19, 2024 | Big Government, Blogs, Economics, Government Spending
It’s been a while since I shared this video about the Rahn Curve (or Armey-Rahn Curve), so let’s watch this Golden Oldie from 2010. The insight of the Rahn Curve (sort of a spending version of the Laffer Curve) is that economic performance declines once government...
by Dan Mitchell | Aug 18, 2024 | Blogs, Economics, Taxation
When I list the principles that should guide tax policy, that almost always means these three goals. Low tax rates on work. No double taxation. No distorting loopholes. And I usually then point out that achieving these goals will get you to (or at least...
