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Kenya Crashes on the Laffer Curve

Kenya Crashes on the Laffer Curve

by Dan Mitchell | Jan 23, 2024 | Big Government, Blogs, Economics, Government Spending, Taxation

The Laffer Curve is the common-sense notion that there is not a simplistic mechanical relationship between tax rates and tax revenue. You also have to consider potential changes to what’s being taxed. I’ve cited interesting case studies...
The Case for Entitlement Reform, Part II

The Case for Entitlement Reform, Part II

by Dan Mitchell | Jan 21, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements

I periodically explain why and how to fix entitlements. Here’s my latest attempt, as part of a conversation with David McIntosh of the Club for Growth. A few months ago, I shared some alarming CBO data about the ever-growing burden...
How Was the Budget Balanced in the Late 1990s?

How Was the Budget Balanced in the Late 1990s?

by Dan Mitchell | Jan 15, 2024 | Big Government, Blogs, Government Spending

Earlier this month, I explained that Ronald Reagan deserves praise for shrinking the burden of government spending. Today, starting with this video, let’s add Bill Clinton to the mix and look at how America wound up with budget surpluses in the late 1990s....
The $969.6 Billion Cost of Joe Biden in 2023

The $969.6 Billion Cost of Joe Biden in 2023

by Dan Mitchell | Jan 10, 2024 | Big Government, Blogs, Government Spending

Back in 2022, I criticized President Biden because all of his major initiatives were increasing the burden of government spending. And it’s gotten worse since that column. Here’s a partial list of government expansions during the Biden years....

Reagan’s Spending Victory over the Welfare State

by Dan Mitchell | Jan 6, 2024 | Big Government, Blogs, Government Spending, Welfare and Entitlements

I wrote two months ago that President Ronald Reagan did a good job with regards to government spending. I echoed that sentiment in this recent interview. I’ve tried to show Reagan’s success with various charts (see here, here, here, and here)....
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