by Dan Mitchell | Jun 26, 2024 | Big Government, Blogs, Taxation
The Organization for Economic Cooperation and Development is a Paris-based international bureaucracy that originally was created to engage in benign activities such as gathering statistics about member nations. It still does some of that, but it also has...
by Dan Mitchell | Jun 23, 2024 | Big Government, Blogs, Government Spending
More than 13 years ago, when many European nations were rocked by fiscal crisis, I speculated about which nation would be the next to suffer a Greek-style meltdown. I focused my analysis on Japan, Italy, Greece, Belgium, Spain, and Portugal. And I...
by Dan Mitchell | Jun 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements
Earlier this week, the Congressional Budget Office issued a new 10-year fiscal forecast showing spending, revenues, and red ink between 2025 and 2034. As these examples show, almost all of the resulting headlines focused on deficits and...
by Dan Mitchell | Jun 3, 2024 | Big Government, Blogs, Taxation
I wrote last November that Germany is in a period of fiscal decay. Over the past eight-plus years, the burden of government spending has grown far too fast, violating the Golden Rule of fiscal policy. As a result, the share of the economy...
by Dan Mitchell | May 25, 2024 | Blogs, Taxation
Guided by the principles of good tax policy, I have mostly focused on two important provisions when writing about Trump’s 2017 Tax Cut and Jobs Act (TCJA). Reducing the federal corporate tax rate from 35 percent to 21 percent, thus improving incentives...
