by Dan Mitchell | Apr 20, 2022 | Blogs, Taxation
During the debate about the Trump tax plan, proponents made three main arguments in favor of reducing the federal corporate tax rate from 35 percent to 21 percent. A lower rate would be good for workers, consumers, and shareholders.A lower rate...
by Dan Mitchell | Apr 17, 2022 | Big Government, Blogs, Government Spending
Whether they are based on 10 questions or 144 questions, I can’t resist taking quizzes that supposedly identify one’s political or economic philosophy. The good news, according to various quizzes, is that I’m 92 percent minarchist and...
by Dan Mitchell | Apr 7, 2022 | Blogs, Tax Competition, Taxation
I wrote a few days ago about Biden’s plan to impose punitive double taxation on dividends. But that’s not an outlier in his budget. As you can see from this table from the Tax Foundation, he wants to violate the principles of...
by Dan Mitchell | Apr 1, 2022 | Blogs, Taxation
I’ve already written that massive spending increases for various bureaucracies is the most offensive part of Biden’s new budget. But I explicitly noted that these huge budgetary increases (well above the rate of inflation, unlike what’s happening...
by Dan Mitchell | Mar 29, 2022 | Big Government, Blogs, Government Spending, Government Waste
Since the economy suffers when tax rates go up and the burden of government spending increases, there obviously are plenty of awful features in President Biden’s newly released budget. If I had to select a worst feature, though, I’d be tempted to...
