by Dan Mitchell | Nov 6, 2011 | Blogs, Economics, Laffer Curve, Taxation
One of my frustrating missions in life is to educate policy makers on the Laffer Curve. This means teaching folks on the left that tax policy affects incentives to earn and report taxable income. As such, I try to explain, this means it is wrong to assume a simplistic...
by Dan Mitchell | Oct 14, 2011 | Blogs, Economics, Laffer Curve, Taxation
The Laffer Curve is the simple notion that higher tax rates don’t necessarily generate as much loot as politicians expect because taxpayers have less incentive to earn and/or report income. And it works in both directions. Lower tax rates don’t lose as much revenue as...
by Dan Mitchell | Jul 27, 2011 | Blogs, Taxation
I testified earlier today before the Joint Economic Committee about budget process reform. As part of the Q&A session after the testimony, one of the Democratic members made a big deal about the fact that federal tax revenues today are “only” consuming about 15...
by Dan Mitchell | Jan 7, 2011 | Big Government, Blogs, Government Spending, Health Care, Taxation
Grousing about the GOP’s timidity in the battle against big government will probably become an ongoing theme over the next few months, and let’s start with two items that don’t bode well for fiscal discipline. First, it appears that Republicans didn’t really mean it...
by Dan Mitchell | Sep 30, 2010 | Big Government, Blogs, Government Spending, Taxation
While I’m glad Republicans are finally talking about smaller government, I’ve expressed some disappointment with the GOP Pledge to America. Why “reform” Fannie and Freddie, I asked, when the right approach is to get the government completely out of the housing sector....
