by Dan Mitchell | Apr 25, 2011 | Blogs, Economics, Taxation
According to an article in the New York Times, the Obama Administration is seriously examining a proposal to reduce America’s anti-competitive 35 percent corporate tax rate. The Obama administration is preparing to inject an unpredictable new variable into its...
by Dan Mitchell | Apr 22, 2011 | Big Government, Blogs, Economics, Welfare and Entitlements
Under current law, Social Security is supposed to be an “earned benefit,” where taxes are akin to insurance premiums that finance retirement benefits for workers. And because there is a cap on retirement benefits, this means there also is a “wage-base cap” on the...
by Dan Mitchell | Apr 21, 2011 | Big Government, Blogs, Government Spending, Health Care, Welfare and Entitlements
Republicans are understandably nervous about polling data showing considerable opposition to the Ryan plan’s Medicare proposal – particularly since they just voted for a budget resolution in the House of Representatives that includes such a reform. Their unease is...
by Dan Mitchell | Apr 21, 2011 | Big Government, Government Spending
America is in fiscal peril in the short run because of a 10-year spending binge by Bush and Obama and in the long run because of a toxic combination of entitlement programs and demographics. Congressman Paul Ryan has introduced a budget plan to address America’s...
by Dan Mitchell | Apr 14, 2011 | Big Government, Blogs, Economics, Taxation
President Obama didn’t offer a budget plan yesterday. The White House hasn’t released anything beyond a set of talking points. But that’s not terribly surprising since his speech was really the opening salvo of his 2012 reelection fight. And it’s clear that a central...
