by Dan Mitchell | May 7, 2010 | Big Government, Blogs, Economic Growth, Taxation, Uncategorized
Kevin Williamson has a long-overdue piece in National Review making two essential points about supply-side economics and the Laffer Curve. First, he explains that tax cuts are not the fiscal equivalent of a perpetual motion machine. Simply stated, too many Republicans...
by Dan Mitchell | May 1, 2010 | Blogs, Taxation, Uncategorized
Obama imposed higher tax rates on the so-called rich as part of his government-run healthcare scheme, and he wants to punish success with additional tax rate increases at the end of this year. This excerpt from a New York Post column comments on how many people are...
by Dan Mitchell | Apr 23, 2010 | Blogs, Taxation
I’ve read several places that Ronald Reagan instinctively understood supply-side economics because Hollywood stars sooner or later learned that making more than a couple of movies per year was pointless when marginal tax rates were 90 percent. The same thing...
by Dan Mitchell | Mar 22, 2010 | Blogs, Uncategorized
An insightful editorial from the Wall Street Journal examines how soak-the-rich taxes in Maryland backfired, leading to less revenue for the government. The politicians would like us to think this is just the effect of the recession, but the article points out that...
by Dan Mitchell | Mar 10, 2010 | Big Government, Blogs, Competition, Free Market, Taxation
President Obama is proposing a series of major tax increases. His budget envisions higher tax rates on personal income, increased double taxation of dividends and capital gains, and a big increase in the death tax. And his health care plan includes significant tax...
