by Dan Mitchell | Jun 30, 2022 | Blogs, Taxation
Back in 2020, I warned that then-Mayor Bill de Blasio was setting the stage for fiscal crisis. During his eight years in office, he violated fiscal policy’s golden rule by increasing the burden of government spending at three times the rate of...
by Dan Mitchell | Jun 9, 2022 | Big Government, Blogs, Taxation
Based on research from the Congressional Budget Office, I’ve shared estimates of the potential economic damage from the fiscal plan Joe Biden unveiled last year. But now he has a new budget. So what if we simply focus on the tax portion of...
by Dan Mitchell | May 23, 2022 | Blogs, Taxation
Trump had some economically illiterate tweets about trade during his presidency, including the infamous one about being “Tariff Man.” I think Joe Biden must be feeling envious that Trump got so much attention, so he has issued a tweet showing that...
by Dan Mitchell | May 18, 2022 | Big Government, Blogs, Government Spending, Taxation
When I first started writing this daily column, the Congressional Budget Office was infamous for dodgy economics. In the short run, CBO believed in the very simplistic Keynesian notion that a bigger burden of government spending somehow...
by Dan Mitchell | May 13, 2022 | Big Government, Blogs, Taxation, VAT
As part of my (reality-based) opposition to a value-added tax, I testified to the Ways & Means Committee back in 2011. My primary argument against the VAT is that it would enable a bigger burden of government spending. I frequently share this chart, for...
