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...
by Dan Mitchell | Aug 12, 2024 | Big Government, Blogs, Government Spending
In Part I of this series, I groused that Donald Trump and Kamala Harris are both very irresponsible about Social Security. Instead of proposing good reforms (or even bad reforms!), they want to kick the can down the road and pretend the problem doesn’t exist. Even...
by Dan Mitchell | Aug 11, 2024 | Big Government, Blogs, Welfare and Entitlements
Ten days ago, I wrote about the need to reform Social Security, citing the program’s terrible finances. Here’s a new video from Kite & Key showing the risks of doing nothing. Sadly, doing nothing is exactly what both Donald...
