by Dan Mitchell | Feb 27, 2015 | Blogs, Economics, Taxation
On the issue of so-called progressive taxation, our left-wing friends have conflicting goals. Some of them want to maximize tax revenue in order to finance ever-bigger government. But others are much more motivated by a desire to punish success. They want high tax...
by Dan Mitchell | Feb 14, 2015 | Blogs, Economics, Laffer Curve, Taxation
Regular readers know that I don’t approve of drug use, but that I also favor legalization because the Drug War has been a costly and ineffective failure. (And it’s led to horrible policies such as intrusive money-laundering laws and Orwellian asset-forfeiture laws)....
by Dan Mitchell | Jan 4, 2015 | Blogs, Economics, Laffer Curve, Taxation
Since I’m a big advocate of the Laffer Curve, that means I favor dynamic scoring. This is the common-sense observation that you can’t figure out the effect of tax changes on revenue without first estimating the impact on taxable income. And I’ve shared some very...
by Dan Mitchell | Jan 2, 2015 | Blogs, Economics, Laffer Curve, Taxation
Barack Obama and the rest of the class-warfare crowd act as if “tax the rich” is an appropriate answer to every question about fiscal policy. I’m not joking. Here are some of the President’s main tax hikes that have been enacted or proposed. Obama imposed higher...
by Dan Mitchell | Dec 9, 2014 | Blogs, Economics, Taxation
Many statists are worried that Republicans may install new leadership at the Joint Committee on Taxation (JCT) and Congressional Budget Office (CBO). This is a big issue because these two score-keeping bureaucracies on Capitol Hill tilt to the left and have a lot of...
