by Dan Mitchell | May 29, 2012 | Big Government, Blogs, Government Spending, Tax Competition, Taxation
The fiscal nightmare in Europe should be all the proof that’s needed about the dangers of wasteful spending and punitive tax rates. Unfortunately, if his proposals for bigger government and class-warfare tax policy are any indication, President Obama still seems to...
by Dan Mitchell | May 16, 2012 | Blogs, Taxation
Putting Republicans in charge is never a guarantee of good public policy. It was during the Bush years, for instance, that the nation was saddled with a prescription drug entitlement. The GOPers in the White House and on Capitol Hill also recklessly increased the...
by Dan Mitchell | Apr 21, 2012 | Blogs, Economics, Laffer Curve, Tax Competition, Taxation
I’ve done a couple of posts comparing Reaganomics and Obamanomics, mostly based on data from the Minneapolis Federal Reserve on employment and economic output. I even did a TV interview on the subject, which generated some comments on my taste in clothing, and also...
by Dan Mitchell | Mar 25, 2012 | Big Government, Blogs, Economics, Tax Competition, Taxation
Tax competition, as I have explained to the point of being a nuisance, is an important restraint on the greed of the political class. Simply stated, politicians are less like to over-tax and over-spend if they know that geese with the golden eggs can fly across the...
by Dan Mitchell | Jan 21, 2012 | Big Government, Blogs, Economics, Government Spending, Laffer Curve, States, Taxation
Two days ago, I explained that tax increases are bad policy. More specifically, I warned that giving more money to government exacerbates fiscal problems because politicians respond to the expectation of more revenue by spending more than otherwise would be the case....
