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The “American System” Is Big Government?!?

The “American System” Is Big Government?!?

by Dan Mitchell | Apr 28, 2021 | Big Government, Blogs

We can learn a lot by looking at economic history. It’s instructive to note, for instance, that the United States evolved from agricultural poverty to middle-class prosperity in the 1800s – during a time when the burden of government spending...
Five Visuals that Explain Why Higher Corporate Income Tax Rates Are Bad for America

Five Visuals that Explain Why Higher Corporate Income Tax Rates Are Bad for America

by Dan Mitchell | Apr 1, 2021 | Blogs, Taxation

I have a four-part series (here, here, here, and here) about the conceptual downsides of Joe Biden’s class-warfare approach to tax policy. Now it’s time to focus on the component parts of his agenda. Today’s column will review his plan for a big...
What Biden’s Corporate Tax Increase Means for American Competitiveness

What Biden’s Corporate Tax Increase Means for American Competitiveness

by Dan Mitchell | Mar 17, 2021 | Blogs, Taxation

Thanks to globalization (as opposed to globalism), jobs and investment are now very mobile. This means the costs of bad policy are higher than ever before, and it also means the benefits of good policy are higher than ever before. Which is why it’s very...
Biden and the OECD Pushing “Global Minimum Tax” to Increase Business Tax Burdens

Biden and the OECD Pushing “Global Minimum Tax” to Increase Business Tax Burdens

by Dan Mitchell | Mar 16, 2021 | Blogs, Tax Competition, Taxation

For the past couple of decades, I’ve been warning (over and over and over and over again) that politicians want to curtail tax competition so that it will be easier for them to increase tax burdens....

The World’s Most Politically Illiterate Statement

by Dan Mitchell | Mar 11, 2021 | Blogs, Economics

Exactly one month ago, I declared that Congresswoman Ayanna Pressley deserved an award for the “world’s most economically illiterate statement” because of her claim that “poverty is not naturally occurring.” In reality, poverty has been the norm throughout...
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