by Dan Mitchell | Oct 6, 2018 | Blogs, Tax Competition, Taxation
Back in April, I chatted with Stuart Varney about how some states were in deep trouble because they were being squeezed by having to finance huge unfunded liabilities for bureaucrats, yet they were constrained by the fact that taxpayers have the freedom to move when...
by Dan Mitchell | Sep 29, 2018 | Blogs, States, Taxation
Politicians who preach class warfare repeatedly assert that we need higher taxes on “the rich.” Indeed, that’s been the biggest political issue (and oftentimes biggest economic issue) in every recent tax fight (the Trump tax reform and Obama’s fiscal cliff), as well...
by Dan Mitchell | Sep 28, 2018 | Blogs, States, Taxation
Yesterday, I wrote about the newest edition of Economic Freedom of the World, which is my favorite annual publication. Not far behind is the Tax Foundation’s State Business Tax Climate Index, which is sort of the domestic version of their equally fascinating (to a...
by Dan Mitchell | Sep 12, 2018 | Blogs, Economics, Taxation
If the goal is higher living standards, then higher levels of productivity are necessary. And that requires entrepreneurship and innovation. But bad tax policy can be an obstacle to the economic choices that create a better future. I’ve already shared lots of...
by Dan Mitchell | Jul 14, 2018 | Blogs, States, Taxation
The best budget rule in the United States is Colorado’s Taxpayer Bill of Rights. Known as TABOR, this provision in the state’s constitution says revenues can’t grow faster than population plus inflation. Any revenue greater than that amount must be returned to...
