![Restricting the Deduction for State and Local Taxes Is a Big [Expletive Deleted] Deal](https://freedomandprosperity.org/wp-content/uploads/2016/04/usa-96858_640.jpg)
by Dan Mitchell | Jan 2, 2018 | Blogs, Tax Competition, Taxation
During the Obamacare bill-signing ceremony, Vice President Biden had a “hot mic” incident when he was overheard telling Obama that “this is a big f***ing deal.” And he was telling the truth. It was a big deal (albeit a wrong deal) from a fiscal perspective and a...
by Dan Mitchell | Nov 21, 2017 | Blogs, Taxation
Time for a confession. My left-wing friends are correct. I’m an idiot. Why? Because I’m an anti-tax libertarian, yet I keep writing favorably about a provision that will raise my taxes. I’m talking specifically about the provision, currently in both...
by Dan Mitchell | Jul 19, 2017 | Blogs, Tax Competition, Taxation
I don’t like the income tax that’s been imposed by our overlords in Washington. Indeed, I’ve speculated whether October 3 is the worst day of the year because that’s the date when the Revenue Act of 1913 was signed into law. I don’t like state income taxes, either....
by Dan Mitchell | Jun 9, 2017 | Blogs, Economics, Laffer Curve, Taxation
Since I’m a fiscal wonk, it’s sometimes tempting to overstate the importance of good tax policy. So I’m always reminding myself that all sorts of other factors matter for a jurisdiction’s competitiveness and success, including regulation and government effectiveness...
by Dan Mitchell | Jun 5, 2017 | Blogs, Economics, States, Taxation
The federal income tax is corrosive and destructive. It’s almost as if a group of malicious people decided to deliberately design a system that imposes maximum damage while also allowing the most corruption. The economic damage is not only the result of high tax rates...
