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New Illinois Governor Wants to Accelerate the State’s Fiscal Collapse with a “Progressive” Tax

New Illinois Governor Wants to Accelerate the State’s Fiscal Collapse with a “Progressive” Tax

by Dan Mitchell | Mar 14, 2019 | Big Government, Blogs, Tax Competition, Taxation

I wrote a couple of weeks ago about how New York is committing slow-motion fiscal suicide. The politicians in Illinois must have noticed because they now want (another “hold my beer” moment?) to accelerate the already-happening collapse of their state. The new...
Americans “Vote with their Feet” for Lower Taxes

Americans “Vote with their Feet” for Lower Taxes

by Dan Mitchell | Jan 2, 2019 | Blogs, Tax Competition, Taxation

I’ve written many times about people and businesses escaping high-tax states and moving to low-tax states. This tax-driven migration rewards states with good policy and punishes those with bad policy. And now we have some new data. The Wall Street...

The Illinois Tax-Hike Experiment Won’t End Well

by Dan Mitchell | May 13, 2018 | Blogs, Tax Competition, Taxation

Even though I wrote about proposed tax increases in Illinois just 10 days ago, it’s time to revisit the issue because the Tax Foundation just published a very informative article about the state’s self-destructive fiscal policy. It starts by noting that the aggregate...
Illinois Politicians Are Doubling Down on Failure, Hastening the State’s Bankruptcy

Illinois Politicians Are Doubling Down on Failure, Hastening the State’s Bankruptcy

by Dan Mitchell | May 3, 2018 | Blogs, Taxation

When I did a poll earlier this year, asking which state would be the first to suffer a fiscal crisis, I wasn’t terribly surprised that Illinois wound up in first place. But I was surprised by the margin. Even though there’s a good case to be made for basket-case...
The Best and Worst News of 2017

The Best and Worst News of 2017

by Dan Mitchell | Dec 31, 2017 | Big Government, Blogs, Government Spending, Taxation

Since it’s the last day of the year, let’s look back on 2017 and highlight the biggest victories and losses for liberty. For last year’s column, we had an impressive list of overseas victories in 2016, including the United Kingdom’s Brexit from the European Union,...
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