by Dan Mitchell | Oct 25, 2011 | Blogs, Capital Gains, Taxation
Governor Rick Perry of Texas has announced a plan, which he outlines in today’s Wall Street Journal, to replace the corrupt and inefficient internal revenue code with a flat tax. Let’s review his proposal, using the principles of good tax policy as a benchmark. 1....
by Dan Mitchell | Sep 25, 2011 | Blogs, Economics, Flat Tax, Taxation
I became a big admirer of Herman Cain back in the 1990s when he was a member of the National Commission on Economic Growth and Tax Reform (aka, the Kemp Commission). I worked as a staffer for the Commission and was able to observe Mr. Cain in action over a period of...
by Dan Mitchell | Sep 25, 2011 | Blogs, Economics, Taxation
Have you ever wondered why the tax code is a Byzantine mess that requires 72,000 pages of law and regulation? Hopefully you don’t ponder such dark and dreary thoughts, but the answer is that politicians and lobbyists have spent nearly 100 years creating all sorts of...
by Dan Mitchell | Sep 20, 2011 | Blogs, Economics, Laffer Curve, Taxation
It’s hard to keep track of all the tax hikes that President Obama is proposing, but it’s very simple to recognize his main target – the evil, nasty, awful people known as the rich. Or, as Obama identifies them, the “millionaires and billionaires” who happen to have...
by Dan Mitchell | Sep 2, 2011 | Blogs, Taxation
I haven’t said much about the 2012 election, largely because this blog tries to avoid politics and instead focuses on how public policy can promote or (all too often) restrict liberty. But every so often, I feel compelled to pontificate – usually because someone is...
