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Lessons from the Texas Budget

Lessons from the Texas Budget

by Dan Mitchell | Feb 20, 2023 | Big Government, Blogs, Government Spending

I shared some data last month from the National Association of State Budget Officers to show that Texas lawmakers have been more fiscally responsible than California lawmakers over the past couple of years. California politicians were more profligate in 2021...
A Simple Spending Cap Will Avert America’s Fiscal Crisis

A Simple Spending Cap Will Avert America’s Fiscal Crisis

by Dan Mitchell | Feb 16, 2023 | Big Government, Blogs, Government Spending

Every six months or so, the Congressional Budget Office produces a 10-year forecast and most fiscal experts focus on the projections for deficit and debt. Those are important (and worrisome) numbers, but I first look at the data...
Donald Trump Supports Massive Tax Increases on Middle-Class Americans, Part II

Donald Trump Supports Massive Tax Increases on Middle-Class Americans, Part II

by Dan Mitchell | Feb 5, 2023 | Big Government, Blogs, Government Spending

Regular readers know that I generally don’t get overly agitated about government debt (I get far more upset about counterproductive spending, regardless of how it is financed). But even I recognize that there is a point where debt becomes...
Assessing North Carolina’s Fiscal Policy

Assessing North Carolina’s Fiscal Policy

by Dan Mitchell | Jan 30, 2023 | Big Government, Blogs, Government Spending, Taxation

When I first started citing the Tax Foundation’s State Business Tax Climate Index back in 2013, North Carolina was one of the 10 worst states. In a remarkable turnaround, North Carolina is now one of the 10 best states. The big improvement is partly because...
Does America Have an Under-Taxation Problem?

Does America Have an Under-Taxation Problem?

by Dan Mitchell | Jan 26, 2023 | Big Government, Blogs, Government Spending, Taxation

When leftists (or misguided rightists) tell me that Americans are under-taxed and that the government has lots of red ink because of insufficient revenue, I sometimes will direct them to the Office of Management and Budget’s Historical...
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