by Dan Mitchell | Jul 31, 2022 | Big Government, Blogs, Government Spending
One of the best things about 2021 was the fact that Congress did not approve Joe Biden’s economically debilitating plan to raise taxes and expand the welfare state. His so-called Build Back Better plan was a very bad mix of class-warfare tax...
by Dan Mitchell | Jul 30, 2022 | Big Government, Blogs, Government Spending, Taxation
Yesterday’s column analyzed some depressing data in the new long-run fiscal forecast from the Congressional Budget Office. Simply stated, if we leave fiscal policy on auto-pilot, government spending is going to consume an ever-larger share of America’s...
by Dan Mitchell | Jul 29, 2022 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office has released its new long-run fiscal forecast. Like I did last year (and the year before, and the year before, etc), let’s look at some very worrisome data. We’ll start with projections over the next three...
by Dan Mitchell | Jul 24, 2022 | Blogs, Taxation
Adding to already voluminous research in the area (including studies from Australia, Canada, Germany, and the United Kingdom), I wrote yesterday about a new study showing that lower corporate tax rates produce more economic growth. Not that these results should be a...
by Dan Mitchell | Jul 23, 2022 | Blogs, Economics, Taxation
Here is the argument why corporate tax rates should be as low as possible. High corporate tax rates discourage investment.Less investment reduces worker productivity.Lower rates of productivity result in lower wages. In an ideal world, there would...
