by Dan Mitchell | Aug 2, 2010 | Big Government, Blogs, Capital Gains, Taxation
I have a column in today’s New York Post about Obama’s plan for higher taxes next year. My main point is that higher tax rates on the so-called rich have a very negative impact on the rest of us because even small reductions in economic growth have a big impact over...
by Dan Mitchell | Aug 1, 2010 | Big Government, Blogs, Health Care, Taxation
Like the swallows returning to Capistrano, the Congressional Budget Office follows a predictable pattern of endorsing policies that result in bigger government. During the debate about the so-called stimulus, for instance, CBO said more spending and higher deficits...
by Dan Mitchell | Jul 31, 2010 | Blogs, Taxation
These results won’t come as a surprise to anyone who has compared long-run growth rates in Hong Kong, the United States, France, and North Korea, but there’s a new study by three economists showing that nations with better tax policy grow faster and create more jobs....
by Dan Mitchell | Jul 30, 2010 | Big Government, Blogs, Taxation
Writing in the Wall Street Journal, Peter Ferrara of the Institute for Policy Innovation explains that Washington budget deals don’t work because politicians never follow through on promised spending cuts. This is a very relevant argument since Obama’s so-called...
by Dan Mitchell | Jul 27, 2010 | Big Government, Blogs
Professor Larry Kotlikoff has some very sobering analysis of America’s fiscal status. Instead of just looking at current deficits, he examines the “present value” of all future expenditures and revenues. Simply stated, America is in worse shape than Greece because of...
