by CF&P | Apr 3, 2011 | Blogs, Economics, Laffer Curve, Taxation
A new study from the Adam Smith Institute in the United Kingdom provides overwhelming evidence that class-warfare tax policy is grossly misguided and self-destructive. The authors examine the likely impact of the 10-percentage point increase in the top income tax...
by Dan Mitchell | Mar 31, 2011 | Big Government, Blogs, Government Spending
Press reports indicate that there is a tentative agreement between Republicans and Democrats to trim $33 billion of spending for the remainder of the current fiscal year. Here are a few blurbs from a story in The Hill. A source familiar with the talks said members of...
by Dan Mitchell | Mar 29, 2011 | Big Government, Blogs, Government Spending
According to news reports, Democrats and Republicans are unlikely to reach any sort of budget agreement before April 8, when a short-term spending bill for the current fiscal year expires. Barring some new development, this could mean a shutdown of the non-essential...
by Dan Mitchell | Mar 25, 2011 | Big Government, Blogs, Government Spending
The old joke in Washington is that Democrats are the evil party and Republicans are the stupid party (which is why you should guard your wallet and freedom whenever you hear talk of “bipartisanship”). The GOP definitely is doing what it can to prove that at least one...
by Dan Mitchell | Mar 22, 2011 | Big Government, Blogs, Government Spending
Among advocates of limited government, there is growing unease about the fiscal fight in Washington. This is not because anything bad has happened. Indeed, Democrats thus far have been acquiescing – at least on a temporary basis – to conservative demands for $61...
