by Dan Mitchell | Dec 6, 2021 | Big Government, Blogs, Economics, Government Spending, Taxation
Regarding fiscal policy, almost everyone’s attention is focused on Biden’s growth-sapping plan to increase the burden of taxes and spending. People are right to be concerned. If the President’s plan is approved, the already-grim fiscal outlook for...
by Dan Mitchell | Nov 27, 2021 | Big Government, Blogs, Government Spending
Nearly 10 years ago, I shared some data to show how a Swiss-style spending cap would have prevented some of the excess spending of the Bush and Obama years. Trillion-dollar deficits would have been avoided. But, more...
by Dan Mitchell | Nov 23, 2021 | Big Government, Blogs, Government Spending
In my column yesterday about state tax systems, I specifically noted that North Carolina has been making big improvements. Not only did the state shift to a flat tax a few years ago, it recently voted to lower the rate from 5.25 percent...
by Dan Mitchell | Nov 22, 2021 | Blogs, States, Tax Competition, Taxation
Motivated in part by an excellent graphic that I shared in 2016, I put together a five-column ranking of state personal income tax systems in 2018. Given some changes that have since occurred, it’s time for a new version. The first two columns are self...
by Dan Mitchell | Nov 19, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
First we got Biden’s $1.9 trillion so-called stimulus. Then we got his $1 trillion-plus infrastructure boondoggle. Now Congress may be on the verge of approving the President’s budget, which (if we use honest numbers) is a $5 trillion plan to...
