by Dan Mitchell | Jan 24, 2018 | Blogs, Economics, Taxation
Last November, I wrote about the lessons we should learn from tax policy in the 1950s and concluded that very high tax rates impose a very high price. About six months before that, I shared lessons about tax policy in the 1980s and pointed out that Reaganomics was a...
by Dan Mitchell | Dec 16, 2017 | Big Government, Blogs, Government Spending, Taxation
Greece has confirmed that a nation can spend itself into a fiscal crisis. And the Greek experience also has confirmed that bailouts exacerbate a fiscal crisis by enabling more bad policy, while also rewarding spendthrift politicians and reckless lenders (as I...
by Dan Mitchell | Nov 10, 2017 | Blogs, Economics, Laffer Curve, Taxation
Since there’s a big debate about whether there should be tax cuts and tax reform in the United States, let’s see what we can learn from abroad. And let’s focus specifically on whether changes in tax policy actually produce “revenue feedback” because of the Laffer...
by Dan Mitchell | Oct 17, 2017 | Blogs, Economics, Laffer Curve
I gave a couple of speeches about fiscal policy in Australia late last week. During the Q&A sessions (as so often happens when I speak overseas), the audiences mostly asked questions about Donald Trump. I generally give a three-part response. I tell them I was...
by Dan Mitchell | Oct 1, 2017 | Blogs, Economics, Laffer Curve, Taxation
For months, I’ve been arguing that the big reduction in the corporate tax rate is the most important part of Trump’s tax agenda. But not because of politics or anything like that. Instead, my goal is to enable additional growth by shifting to a system that doesn’t do...
