by Dan Mitchell | May 13, 2022 | Big Government, Blogs, Taxation, VAT
As part of my (reality-based) opposition to a value-added tax, I testified to the Ways & Means Committee back in 2011. My primary argument against the VAT is that it would enable a bigger burden of government spending. I frequently share this chart, for...
by Dan Mitchell | Apr 28, 2022 | Big Government, Blogs, Government Spending
Since I’m a big fan of spending caps, I’m very happy to be in Zurich as part of the Free Market Road Show. Switzerland’s spending cap (called “the debt brake“) is probably the best system in the world. It does have an escape clause for emergencies,...
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...
