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Spending Restraint Is a Necessary Ingredient for Good Tax Policy

Spending Restraint Is a Necessary Ingredient for Good Tax Policy

by Dan Mitchell | Nov 23, 2021 | Big Government, Blogs, Government Spending

In my column yesterday about state tax systems, I specifically noted that North Carolina has been making big improvements. Not only did the state shift to a flat tax a few years ago, it recently voted to lower the rate from 5.25 percent...
America’s Future Fiscal Crisis Can Be Averted

America’s Future Fiscal Crisis Can Be Averted

by Dan Mitchell | Jul 3, 2021 | Big Government, Blogs, Government Spending

I’m not optimist about America’s fiscal future. Thanks primarily to entitlement programs, the long-run outlook shows an ever-increasing burden of government spending. And rather than hit the brakes, Biden wants to step on the gas with new giveaways,...
Preventing Fiscal Meltdowns with a Spending Cap

Preventing Fiscal Meltdowns with a Spending Cap

by Dan Mitchell | Apr 20, 2021 | Big Government, Blogs, Government Spending

As part of my recent interview about European economic policy with Gunther Fehlinger, I pontificated on issues such as Convergence and Wagner’s Law. I also explained why a Swiss-style spending cap could have saved Greece and Italy...
Everything You Need to Know about Fixing the Budget Mess in Washington

Everything You Need to Know about Fixing the Budget Mess in Washington

by Dan Mitchell | Feb 15, 2021 | Big Government, Blogs, Government Spending, Taxation

The 21st century has been bad news for proponents of limited government. Bush was a big spender, Obama was a big spender, Trump was a big spender, and now Biden also wants to buy votes with other people’s money. That’s the bad news. The good news...
More Scholarly Evidence for Switzerland’s Debt Brake

More Scholarly Evidence for Switzerland’s Debt Brake

by Dan Mitchell | Oct 19, 2020 | Big Government, Blogs, Government Spending

For a land-locked nation without many natural resources, Switzerland is remarkably successful. One reason for the country’s success is pro-market policy. Switzerland routinely scores in the top 5 according to both Economic Freedom of the World and Index of Economic...
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