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Trudeau’s Class-Warfare Tax Hike Produces Less Revenue

Trudeau’s Class-Warfare Tax Hike Produces Less Revenue

by Dan Mitchell | Jan 8, 2019 | Blogs, Taxation

I wrote yesterday about a handful of strange legal developments in Canada. In a display of balance, however, I noted in my conclusion that Canada in recent decades has been “very sensible” with regard to economic issues (spending restraint, welfare reform, corporate...
The Adverse Consequences of a 70-Percent Top Tax Rate on Households

The Adverse Consequences of a 70-Percent Top Tax Rate on Households

by Dan Mitchell | Jan 6, 2019 | Blogs, Taxation

She’s not quite as bad as Matt Yglesias, who wants a top tax rate of 90 percent (a rate that Crazy Bernie also likes), but Congresswoman Alexandria Ocasio-Cortez is not bashful about wanting to use the coercive power of government to take much larger shares of what...

Fiscal Fights with Friends: If a Carbon Tax Is Imposed, Hauser’s Law Won’t Protect America from Bigger Government

by Dan Mitchell | Dec 21, 2018 | Blogs, Taxation

I have a series of columns where I explore tactical disagreements with folks who generally favor free markets and less government. In Part I, I defended the flat tax, which had been criticized by Reihan Salam In Part II, I explained why I thought a comprehensive...
World Bank Study Confirms the Ever-Increasing Damage of Ever-Increasing Tax Rates

World Bank Study Confirms the Ever-Increasing Damage of Ever-Increasing Tax Rates

by Dan Mitchell | Dec 20, 2018 | Blogs, Economics, Taxation, VAT

A couple of weeks ago, I used a story about a local tax issue in Washington, DC, to make an important point about how new tax increases cause more damage than previous tax increases because “deadweight losses” increase geometrically rather than arithmetically. Simply...
New Research: Even Talking about Tax Increases Can Cause Economic Damage

New Research: Even Talking about Tax Increases Can Cause Economic Damage

by Dan Mitchell | Dec 17, 2018 | Blogs, Economics, Taxation

I recently wrote about the failed 1990 budget deal. My big complaint was that President George H.W. Bush compounded the mistake of higher taxes by also allowing a big increase in the burden of government spending. However, I didn’t blame the agreement for that year’s...
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