by Dan Mitchell | Nov 16, 2014 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, Taxation
The Congressional Budget Office (CBO) and Joint Committee on Taxation (JCT) are congressional bureaucracies that wield tremendous power on Capitol Hill because of their role as fiscal scorekeepers and referees. Unfortunately, these bureaucracies lean to the left. When...
by Dan Mitchell | Mar 31, 2013 | Blogs, Economics, Keynesian, Laffer Curve
Our lords and masters in Washington have taken a small step in the direction of recognizing the Laffer Curve. Here are some details from a Politico report. Here’s one Republican victory that went virtually unnoticed in the slew of budget votes last week: The Senate...
by Dan Mitchell | Nov 14, 2012 | Blogs, Economics, Laffer Curve, Taxation
I’m a big believer in the Laffer Curve, which is the common-sense proposition that changes in tax rates don’t automatically mean proportional changes in tax revenue. This is because you also have to think about what happens to taxable income, which can move up or down...
by Dan Mitchell | Nov 14, 2011 | Blogs, Economics, Flat Tax, Laffer Curve, Taxation
Alan Blinder has a distinguished resume. He’s a professor at Princeton and he served as Vice Chairman of the Federal Reserve. So I was interested to see he authored an attack on the flat tax – and I was happy after I read his column. Why? Well, because his arguments...
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...
