by Dan Mitchell | Aug 2, 2010 | Big Government, Blogs, Capital Gains, Taxation
I have a column in today’s New York Post about Obama’s plan for higher taxes next year. My main point is that higher tax rates on the so-called rich have a very negative impact on the rest of us because even small reductions in economic growth have a big impact over...
by Dan Mitchell | Aug 1, 2010 | Big Government, Blogs, Health Care, Taxation
Like the swallows returning to Capistrano, the Congressional Budget Office follows a predictable pattern of endorsing policies that result in bigger government. During the debate about the so-called stimulus, for instance, CBO said more spending and higher deficits...
by Dan Mitchell | Jul 21, 2010 | Blogs, Taxation
The Wall Street Journal has an excellent editorial this morning on the obscure – but critically important – issue of measuring what happens to tax revenue in response to changes in tax policy. This is sometimes known as the dynamic scoring vs static scoring debate and...
by Dan Mitchell | Jun 29, 2010 | Big Government, Blogs, Taxation
President Bush was a big spender, but President Obama is taking profligacy to the next level. In his first year in office, Obama pushed through a pork-filled “stimulus” that was supposed to increase jobs and prosperity (at least according to the discredited Keynesian...
by Dan Mitchell | Jun 11, 2010 | Big Government, Blogs, Economic Growth, Taxation
Art Laffer has a compelling column in the Wall Street Journal, where he makes the case that future tax rate increases will cause considerable economic damage because people have an incentive to maximize income this year to take advantage of current tax rates –...
