by Dan Mitchell | May 28, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
There are many things to dislike about President Biden’s budget plan to expand the burden of government. Class-warfare tax policy.Expanding welfare.Higher levels of red ink. There will be ample opportunity to write about these issues in the coming weeks. For today,...
by Dan Mitchell | May 22, 2021 | Big Government, Blogs, Government Spending, Taxation
I’ve shared all sorts of online quizzes that supposedly can detect things such as whether you’re a pure libertarian. Or even whether you’re a communist. Today, courtesy of the folks at the Committee for a Responsible Budget, you can agree or...
by Dan Mitchell | May 20, 2021 | Blogs, Economics, Taxation
About one week ago, I shared some fascinating data from the Tax Foundation about how different nations penalize saving and investment, with Canada being the worst and Lithuania being the best. I started that column by noting that there are three important...
by Dan Mitchell | May 15, 2021 | Blogs, Taxation
Tax increases are bad fiscal policy, but that doesn’t necessarily mean that they are politically unpopular. Indeed, many voices in the establishment press are citing favorable polling data in hopes of creating an aura on inevitably...
by Dan Mitchell | May 14, 2021 | Taxation
There are three important principles for sensible tax policy. Low marginal tax rates on productive behaviorNo tax bias against capital (i.e., saving and investment)No tax preferences that distort the economy Today, let’s focus on #2. I’ve written many times about...
