by Dan Mitchell | Sep 23, 2012 | Blogs, Capital Gains, Economics, Laffer Curve, Taxation
One of the principles of good tax policy and fundamental tax reform is that there should be no double taxation of income that is saved and invested. Such a policy promotes current consumption at the expense of future consumption, which is simply an econo-geek way of...
by Dan Mitchell | Aug 15, 2011 | Blogs, Economics, Taxation
Warren Buffett’s at it again. He has a column in the New York Times complaining that he has been coddled by the tax code and that “rich” people should pay higher taxes. My first instinct is to send Buffett the website where people can voluntarily pay extra money to...
by Dan Mitchell | Jul 3, 2011 | Big Government, Blogs, Economics, Taxation
Obama waved the bloody flag of class warfare in his press conference this past week, though it’s not clear whether he was effective since he went out of his way to attack a provision for corporate jets that was part of his failed stimulus bill. In any event, Senator...
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 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...
