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...
by Dan Mitchell | Oct 29, 2021 | Blogs, Taxation
The good news is that President Biden wants the United States to be at the top. The bad news is that he wants America to be at the top in bad ways. The highest corporate income tax rate.The highest capital gains tax...
