by Dan Mitchell | Jan 25, 2024 | Big Government, Blogs, Government Spending
The ideal fiscal policy is a spending cap and the specific design is not terribly important so long as the net effect is to have government spending grow slower than the private sector. Switzerland’s Debt Brake complies with this requirement....
by Dan Mitchell | Jan 23, 2024 | Big Government, Blogs, Economics, Government Spending, Taxation
The Laffer Curve is the common-sense notion that there is not a simplistic mechanical relationship between tax rates and tax revenue. You also have to consider potential changes to what’s being taxed. I’ve cited interesting case studies...
by Dan Mitchell | Jan 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements
I periodically explain why and how to fix entitlements. Here’s my latest attempt, as part of a conversation with David McIntosh of the Club for Growth. A few months ago, I shared some alarming CBO data about the ever-growing burden...
by Dan Mitchell | Jan 20, 2024 | Blogs, Taxation, VAT
I wrote yesterday to criticize Andrew Biggs of the American Enterprise Institute and Alicia Munnell of Boston College for suggesting a $3 trillion 10-year tax increase on IRAs and 401(k)s. My column explained that more double taxation was a bad idea, and I...
by Dan Mitchell | Jan 15, 2024 | Big Government, Blogs, Government Spending
Earlier this month, I explained that Ronald Reagan deserves praise for shrinking the burden of government spending. Today, starting with this video, let’s add Bill Clinton to the mix and look at how America wound up with budget surpluses in the late 1990s....
